Spain led unemployment in the EU with a general rate of 12.5% and 32.3% among those under 25 years of age
MADRID, 1 Dic. (EUROPA PRESS) –
Unemployment in the euro area fell by one tenth in October compared to the previous month, reaching a rate of 6.5%, which represents the lowest level of unemployment among the Nineteen in the entire historical series, which goes back to April 1998. , according to the data published this Thursday by Eurostat, 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%.
Likewise, in the European Union as a whole the unemployment rate also fell by one tenth in October, standing at 6%, compared to 6.6% a year earlier. It is also the lowest level of unemployment among the Twenty-seven.
The European statistical office calculates that 12.953 million people were unemployed in the EU in October 2022, of which 10.872 million were in the euro zone. This represents a monthly decrease of 107,000 and 142,000 people, respectively.
Compared to October 2021, the number of unemployed people decreased by 1.15 million in the EU and by 1.05 million in the euro zone.
Among the Twenty-seven, the highest unemployment rates corresponded to Spain, with 12.5%; Greece, with 11.6%; and Cyprus, with 8%. Conversely, the lowest unemployment figures were observed in the Czech Republic (2.1%), Poland and Germany (3% each).
In the case of those under 25 years of age, the unemployment rate in the euro zone fell by two tenths, to 15%, while in the EU as a whole the figure was 15.1%, one tenth less than in September.
In absolute terms, the number of unemployed young people in the EU reached 2.872 million people in the tenth month of the year, of which 2.326 million corresponded to the euro area.
In the case of Spain, in October 2022, 2.913 million people were unemployed, of which 530,000 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 27.3% and Italy’s 23.9%.
