this glass unemployment eurozone In July it fell by one-tenth compared to June, and 6.6% in the seventh month of 2022, This was also a historic fall. In the case of the European Union (EU), the indicator also fell by a tenth, up to 6%, as reported by the community statistics office on Thursday, Eurostat.
The statistics office also corrected the June data, released on August 1, as follows: to revise unemployment in nineteen countries that share a single currency (from 6.6% to 6.7% originally reported) and Twenty-seven (from 6% to 6.1%). In July last year, unemployment reached 7.7% in single-currency countries and 6.9% in the entire community club. According to Eurostat, in the seventh month of 2022 there were 12.95 million unemployed in the EU, of which 10.98 million were in the euro area.
Compared to June, the number of unemployed decreased by 113,000 in the EU and by 77,000 in the euro area. Compared to July 2021, 1.85 million citizens left the unemployment lists in 27 and 1.57 million citizens in the euro area did the same. By country, between June and July, the largest decrease in unemployment occurred in Greece (0.9 percentage point lower from 12.3% to 11.4%), while the most marked increase was in Cyprus (from 7.4%). 8% to 0.6 points).
In Spain, the indicator remained stable. 12.6%, the highest figure in the entire EU. It was followed by Greece (11.4%), Cyprus (8%) and Italy (7.9%) as community partners with the highest unemployment rates. The lowest unemployment levels were found in the Czech Republic (2.3%), Poland (2.6%), and Malta and Germany (2.9% in both cases).
Annuallys, the main decreases in unemployment were found in Greece (2.9 percentage points less between July 2021 and 2022) and Spain (2.5 percentage points less), with the biggest increase in Cyprus (1.2 points less) .. Unemployment among under-25s fell by two-tenths between June and July in both euro countries (from 14.4% to 14.2%) and 27 (from 14.2% to 14%).
youth unemployment
Spain It was the second country in the community club with the highest youth unemployment (26.9%), surpassed only Greece (28.6%). However, unemployment among Hispanics under the age of twenty-five decreased compared to June of this year (27.3%) and July 2021 (33.3%). In total, there were 2.63 million unemployed youth in the European Union in July, of whom 2.17 million were in the euro area.
Compared to June, youth unemployment fell by 55,000 in the EU and by 35,000 in the nineteen euro-sharing countries. Compared to July 2021, the drop was 329,000 on the 27th and 244,000 in the single currency club. By gender, unemployment among women in the EU remained unchanged at 6.4% in July compared to June, while for men it remained unchanged at 5.7%.
gender inequality
in the euro zone, Unemployment for women rose from 7.1% in June to 7% in July and remained stable at 6.3% for men. In Spain, male unemployment increased by one tenth to 11.1%, while female unemployment remained unchanged at 14.3% compared to June.
Source: Informacion
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