Business news from Ukraine

Business news from Ukraine

Unemployment in Eurozone remains at a record low of 6.6%

30 September , 2022  

Unemployment in 19 countries of the eurozone in August did not change compared to July and amounted to 6.6%, which is the lowest figure in the entire history of its calculation, according to the data of the Statistical Office of the European Union.

Analysts also predicted that the indicator would remain at the same level, according to Trading Economics.

By comparison, unemployment was 7.5% in August 2021.

The number of unemployed in the euro area last month amounted to 10.966 million people, having decreased by 30 thousand people over the month.

Youth unemployment (population under 25) dropped to 13.9% from 14% in July. The number of unemployed in this age category decreased by 17 thousand compared to the previous month, to 2.136 million people.

The highest unemployment rate among European countries was recorded in Spain (12.4%) and Greece (12.3%). The lowest unemployment rate was recorded in the Czech Republic (2.4%), Poland (2.6%) and Germany (3%).

In the European Union, unemployment remained at 6% in August (6.8% in August 2021). In total, 12.921 million unemployed people were registered in the bloc, which is 52 thousand less than in July.

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