The Limited Times

Now you can see non-English news...

Euro zone: unemployment continues to decline in July, to 7.6%

2021-09-01T09:42:07.761Z


Despite strong disparities between countries, the decline in unemployment is particularly noticeable among young people.


The euro zone unemployment rate continued to decline in July, affecting 7.6% of the working population, after 8% in May and 7.8% in June, Eurostat announced on Wednesday.

The rebound in the European economy since the spring, after the shock linked to the coronavirus pandemic, is reflected in the labor market.

For the European Union as a whole, unemployment also fell by 0.2 point over one month to 6.9% in July, according to the European Statistics Office.

Read alsoUnemployment insurance reform: Élisabeth Borne's plan

Some 14.6 million men and women were unemployed in the EU in July, including 12.3 million in the 19 countries sharing the common currency.

Over one year, the improvement is clear.

Unemployment affected 8.4% of the working population in the euro area in July 2020 and 7.6% in the EU.

Strong disparities between countries

It is even more marked among young people (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 0.7 point over one month in July to 16.5%.

A year ago, it peaked at 19.4%.

Read alsoHow the government intends to fight against long-term unemployment

By country, and for the population as a whole, the lowest rate in July was recorded in the Czech Republic (2.8%) and the highest in Greece (14.6%). Among the heavyweights in the euro zone, Germany still posted the best performance (3.6%), far ahead of France (7.9%), Italy (9.3%) and Spain (14 , 3%).

Source: lefigaro

All news articles on 2021-09-01

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.