Eurozone unemployment remains at record lows, with 6.5%

Spain leads unemployment in the EU with 12.

Eurozone unemployment remains at record lows, with 6.5%

Spain leads unemployment in the EU with 12.4% unemployment


Unemployment in the euro area remained stable in November compared to the previous month at a record low of 6.5%, with Spain leading unemployment, with a rate of 12.4%, according to data published by Eurostat on Monday. , the community statistical office.

The unemployment rate in the euro area thus stood nine tenths below the level prior to the pandemic, since in February 2020 unemployment among the euro countries was 7.4%.

Similarly, in the European Union as a whole, the unemployment rate also repeated the all-time low of 6% of the previous month in November.

The European statistical office calculates that 12.950 million people were unemployed in the EU in November 2022, of which 10.849 million were in the euro zone. This represents a monthly increase of 10,000 unemployed in the EU and a decrease of 2,000 in the euro zone.

Compared to November 2021, the number of unemployed people decreased by 875,000 in the EU and by 846,000 in the Eurozone.

Among the Twenty-seven, the highest unemployment rates corresponded to Spain, with 12.4%; Greece, with 11.4%; and Italy, with 7.8%. By contrast, the lowest unemployment figures were observed in the Czech Republic (2.7%), Poland and Germany (3% each).

In the case of those under 25 years of age, the unemployment rate in the euro zone increased by one tenth in November, up to 15.1%, while in the EU as a whole the figure also rose to 15.1% from 15% in October.

In absolute terms, the number of young unemployed in the EU reached 2.88 million people in the eleventh month of the year, of which 2.35 million corresponded to the euro area.

In the case of Spain, in November 2022, 2.893 million people were unemployed, of which 535,000 were under 25 years of age.

Thus, the youth unemployment rate in Spain was 32.3%, the highest among the Twenty-seven, ahead of Greece's 31.3% and Italy's 23%.

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