Lower than during the pandemic, the unemployment rate in the Eurozone is still stable at 6.6 percent
Updated: Sep 7, 2022
Comparing June 2022 to the previous month, the unemployment rate in the Eurozone remained unchanged at 6.6 percent, according to a report released on Monday by the EU's statistical office, Eurostat.
As people find new jobs after losing their jobs due to the COVID-19 pandemic, unemployment has decreased by 1.3 percent compared to last year's rate.
According to Eurostat, the unemployment rate in the European Union was 6 percent, which was also stable from May 2022.
However, month over month, youth unemployment rose by about 59,000 in the EU and 64,000 in the eurozone.
However, it has dropped by roughly 527,000 in the EU and 450,000 in the eurozone compared to last year.
In the European Union, there are reportedly 12.9 million unemployed men and women, according to Eurostat. In the EU, there are roughly 2.5 million unemployed people under the age of 25.
Each EU member state's rates are different. Spain and Greece had the highest rates of unemployment, at 12.6 and 12.3 percent, respectively. With a rate of just 2.4%, the Czech Republic has the lowest unemployment rate in the EU.
In the EU, women experience slightly higher unemployment rates than men.
By fLEXI tEAM