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Euro zone: unemployment stagnates at 8.3% in February

2021-04-06T10:10:41.402Z


The figure is stable compared to January but up by one point over the last 12 months according to Eurostat.


Unemployment in the euro area stagnated in February compared with January, affecting 8.3% of the working population, but it rose by one point year on year under the impact of the pandemic, the Office said on Tuesday. European statistics.

The January figure, initially estimated at 8.1%, has been revised up by 0.2 point, said Eurostat.

Read also: The euro zone confirms its anti-crisis fiscal policy

Among those under 25, the unemployment rate fell slightly to 17.3%, against 17.4% in January (a figure revised up by 0.3 point).

Compared with February 2020, the percentage of unemployed young people jumped by almost two points on average in the 19 countries sharing the single European currency.

The health crisis caused a historic recession in spring 2020 under the effect of the containment measures adopted in many countries.

Since then, the European economy has remained recovering, with numerous restrictions still weighing on the economy.

Plans to cut jobs have multiplied in recent months in companies in difficulty, especially in sectors related to transport and leisure.

The unemployment rate in the 27 countries of the European Union followed the same trend as in the euro area, standing at 7.5% of the working population in February, a point higher than there is year.

According to Eurostat, unemployment affected 15.95 million men and women in February in the EU, including 13.57 in the euro area.

Source: lefigaro

All news articles on 2021-04-06

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