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Tag: unemployment euro zone

  • Euro area unemployment at 8.1% in August 2020

    Euro area unemployment at 8.1% in August 2020

    In August 2020, the euro area seasonally-adjusted unemployment rate has continued to rise for 5 consecutive months, reaching 8.1%.

    The same trend has applied to the EU unemployment rate that reached 7.4% in August, show the latest figures published by Eurostat.

    Eurostat estimates that 15.603 million men and women in the EU, of whom 13.188 million in the euro area, were unemployed in August 2020.

    Compared with July 2020, the number of persons unemployed increased by 238.000 in the EU and by 251.000 in the euro area.

    In August 2020, 3.032 million young persons (under 25) were unemployed in the EU, of whom 2.460 million were in the euro area. In August 2020, the youth unemployment rate was 17.6% in the EU and 18.1% in the euro area, up from 17.4% and 17.8% respectively in the previous month.

    Compared with July 2020, youth unemployment increased by 64.000 in the EU and by 69.000 in the euro area.

    In August 2020, the unemployment rate for women was 7.6% in the EU, up from 7.5% in July 2020.

    The unemployment rate for men was 7.1% in August 2020, stable compared with July 2020.

  • Euro area unemployment registered a slight increase and sits at 7.9%

    Euro area unemployment registered a slight increase and sits at 7.9%

    In July 2020 the euro area seasonally-adjusted unemployment rate was 7.9%, up from 7.7% in June 2020.

    The EU unemployment rate was 7.2% in July 2020, up from 7.1% in June 2020, shows Eurostat.

    Eurostat estimates that 15.184 million men and women in the EU, of whom 12.793 million in the euro area, were unemployed in July 2020.

    Compared with June 2020, the number of persons unemployed increased by 336.000 in the EU and by 344.000 in the euro area.

    The unemployment rate for women was 7.5% in the EU, up from 7.3% in June 2020. The unemployment rate for men was 7.0% in July 2020, up from 6.8% in June 2020.

    In the euro area, the unemployment rate for women increased from 8.0% in June 2020 to 8.3% in July 2020 while it increased from 7.5% to 7.6% for men.

  • Euro zone unemployment at 7.8%, EU at 7.1% in June 2020

    Euro zone unemployment at 7.8%, EU at 7.1% in June 2020

    In June 2020 the euro area unemployment rate was 7.8%, up from 7.7% in May 2020. The EU unemployment rate was 7.1% in June 2020, up from 7.0% in May 2020.

    Eurostat estimates that 15.023 million men and women in the EU, of whom 12.685 million in the Euro area, were unemployed in June 2020.

    Compared with May 2020, the number of persons unemployed increased by 281.000 in the EU and by 203.000 in the euro area.

    Youth unemployment

    In June 2020, 2.962 million young persons (under 25) were unemployed in the EU, of whom 2.360 million were in the euro area.

    In June 2020, the youth unemployment rate was 16.8% in the EU and 17.0% in the euro area, up from 16.2% and 16.5% respectively in the previous month. Compared with May 2020, youth unemployment increased by 124 000 in the EU and by 80 000 in the euro area.

    Unemployment by gender

    In June 2020, the unemployment rate for women was 7.5% in the EU, up from 7.3% in May 2020.

    The unemployment rate for men was 6.7% in June 2020, up from 6.6% in May 2020. In the euro area, the unemployment rate for women increased from 8.1% in May 2020 to 8.3% in June 2020 while it increased from 7.3% to 7.4% for men.