What was the unemployment rate in European countries?
News_Code: 355451 10/2/2021 11:10:00 AM
What was the unemployment rate in European countries?
Among European countries, Spain has the highest unemployment rate at 14%.
 

By the end of August, the unemployment rate in the Eurozone fell 0.1 percent to 7.5 percent from a month earlier, according to the European Union's Statistics Center. At the EU level, the rate fell 0.1 percent to 6.8 percent from the previous month. It is the lowest unemployment rate in the EU in the last seven months.

It is estimated that 14 million 469 thousand men and women will be unemployed in the European Union by the end of this month, of which 12 million 162 thousand were residents of the euro area. Compared to the previous month, the number of unemployed people in the European Union has decreased by 224 thousand people and in the euro area by 261 thousand people.

As of the end of this month, 2,833,000 young people under the age of 25 were unemployed in the European Union, of which 2,317,000 were residents of the euro area. Compared to the same period last month, the youth unemployment rate fell by 0.2% in the EU and 0.3% in the euro area.

Spain had the highest unemployment rate among the member states at 14.0 percent, followed by Greece at 13.2 percent and Italy at 9.3 percent. The Czech Republic has the lowest unemployment rate at 2.8 percent, followed by the Netherlands at 3.1 percent and Malta at 3.2 percent.

Among non-EU countries, unemployment was 6.4 percent in Belgium, 3.6 percent in Germany, and 8.0 percent in France. The unemployment rate in the United States is 5.2 percent.

The euro area includes 19 countries: Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia, and Finland. They use Euro as their currency. The European Union has 27 members, including 19 Eurozone member states plus Bulgaria, Hungary, Poland, Denmark, Sweden, Croatia, the Czech Republic, and Romania.