Unemployment in the Eurozone remained unchanged in August a rate of 6.6%therefore, it is still the lowest unemployment level among the Nineteen in the entire historical series dating back to April 1998, according to data released this Friday. Eurostatcommunity statistics office.
The unemployment rate in the euro area remains eight-tenths below the pre-pandemic level, as unemployment among euro countries stood at 7.4% in February 2020.
Same way, In the European Union as a whole, the unemployment rate remained unchanged at 6% in August compared to 6.8% a year earlier.. It is also the lowest unemployment level among the Twenty-Seven.
The European Statistical Office estimates that 12,921 million people were unemployed in the EU in August 2022, of which 10,966 million were in the euro area. This represents a monthly drop of 52,000 and 30,000, respectively.
Compared to August 2021, the number of unemployed decreased by 1.682 million in the EU and by 1.358 million in the euro area.
between twenty-seven Spain had the highest unemployment rate of 12.4%; Greece with 12.2%; and Italy with 7.8%. By contrast, the lowest unemployment figures were seen in the Czech Republic (2.4%), Poland (2.6%) and Malta (2.9%).
For those under 25, the unemployment rate in the euro area fell by a tenth to 13.9%.In the EU as a whole, this figure remained unchanged at 13.8%.
In absolute terms, the number of youth unemployed in the EU reached 2,614 million in the eighth month of the year, of which 2,136 million corresponded to the euro area.
In the case of Spain, in June 2022, 2.902 million people were unemployed, of which 441,000 were under the age of 25.
Like this, Youth unemployment rate in Spain was 26.6%It ranks second highest among 27 countries, behind Greece at 28.6% and ahead of Estonia at 24.6%.