He backs away slowly but surely.
The unemployment rate in the euro zone continued to decline in September, affecting 7.4% of the working population, after 7.5% in August and 7.6% in July, Eurostat announced on Wednesday (November 3rd).
Figures to be attributed to the rebound in the economy since the spring, after the shock of health restrictions linked to the Covid-19 pandemic in 2020. As a reminder, last year in September, it was 8.6 %.
The European statistics office recorded a similar drop for the whole of the European Union with an unemployment rate of 6.7% of the working population in September 2021 in the EU, against 7.7% in 2020 in the same period.
This means that some 14.32 million men and women were unemployed in the EU in September, of which 12.08 million were in the euro area.
Good news for the European economy as the inhabitants of the 27 countries have been facing soaring energy prices for a month.
Improved among young people
The improvement remains even more marked among those under 25, the first victims last year of the recession linked to health restrictions which paralyzed entire sections of the economy: their unemployment rate fell by 0.2 points on one month in September in the EU, at 15.9%. It stood at 18% in September 2020. Unemployment of young people under 25 fell even more sharply in the euro zone alone, to 16% in September, against 16.3% in August and against 18, 8% a year ago.
Finally, the lowest unemployment rate in September was recorded in the Czech Republic (2.6%), and the highest in Spain (14.6%), after Greece (13.3%).
Among the heavyweights in the euro zone, Germany still shows the best performance (3.4%), more or less at the level of the Netherlands (3.1%), far ahead of France (7.7%) and Italy (9.2%).
An improvement that the epidemic resumption in some EU states, such as the Netherlands in particular, could tarnish in the coming months.
