Unemployment in the eurozone falls to its historical low of 6.6% in September


The eurozone unemployment decreased in September one tenth with respect to the previous month, reaching a rate of 6.6%, which represents the lowest level of unemployment among the Nineteen of the entire historical series, which dates back to April 1998, according to data has published this Thursday Eurostatthe community statistical office.

The unemployment rate in the eurozone stood like this eight tenths below the pre-pandemic level, since in February 2020 unemployment among the euro countries was 7.4%. Likewise, in the European Union as a whole, the unemployment rate remained unchanged in September at 6%, compared to 6.7% a year earlier. It is also about the lowest level of unemployment among the twenty-seven.

The European Statistical Office estimates that 12.96 billion people were unemployed in the EU in September 2022, of which 10.988 million were in the euro zone. This represents a monthly decrease of 52,000 and 66,000 people, respectively. Compared to September 2021, the number of jobless people fell by 1.3 million in the EU and by 1.07 million in the euro zone.

Unemployment rises among young people under 25

Among the twenty-seven the highest unemployment rates corresponded to Spain, with 12.7%; Greece, with 11.8%; and Cyprus, with 8%. By contrast, the lowest unemployment figures were observed in the Czech Republic (2.2%), Poland (2.6%) and Germany and Malta (3% each). In the case of under 25 years of age, the unemployment rate in the euro zone rose by two tenths, to 14.6%while in the EU as a whole the figure was also 14.6%, three tenths more than in August.

In absolute terms, the number of unemployed young people in the EU reached in the ninth month of the year 2.747 million peoples, of which 2,241 million corresponded to the eurozone. In the case of Spain, in September 2022, 2.978 million people were unemployed, of which 522,000 were under 25 years of age. Thus, the youth unemployment rate in Spain was 32.1%, the highest among the twenty-sevenahead of 28.5% in Greece and 23.7% in Italy.

Source: lainformacion.com

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