Eurozone unemployment rate Last November it stood at 6.4%, a tenth lower than October and the lowest in all history. recession risk According to data published by Eurostat, it also reached a new minimum of 5.9% in the European Union in the last period of 2023, with a decrease of one tenth compared to the previous month.
As such, the November reading of the eurozone unemployment rate remains one percentage point below the pre-pandemic level since unemployment among euro countries was 7.4% in February 2020.
European statistics office, in the penultimate month of 2023 12.95 million people They were facing a shortage of jobs in the EU, including 10.97 million in the euro zone.
This represents a monthly decrease There are 144,000 unemployed in the EU and 99,000 in the Eurozone. Compared to November 2022, unemployment decreased by 283,000 people in the EU and by 282,000 people in the euro area.
Highest unemployment rates among the Twenty-Seven Spain with 11.9%; Greece with 9.4%; and Sweden with 7.9%. On the other hand, the lowest unemployment rates were seen in the Czech Republic (2.4%), Malta (2.5%) and Poland (2.8%).
in case under 25 years old, The unemployment rate in the Eurozone fell to 14.5% in October from 14.8% in October; This is the same across the EU.
In absolute terms, The number of unemployed youth in the EU reached 2.81 million in the eleventh month of the year; 2.32 million of this corresponded to the euro area.
In the case of Spain, in November 2023, 2.86 million people are unemployed500,000 of them were under 25 years of age.
In this way, the youth unemployment rate in Spain 27.9%The highest rate among the Twenty-Seven, ahead of Greece’s 27.3% and Portugal’s 23.5%.