Unemployment in the EU is relatively low, but Spain still has the highest rates
The unemployment rate in European member states fell to 6% in July, 1% lower than the previous month and 9% lower than the same period in 2021.
According to data from the statistical office of the European Union, 12.9 million people in the EU, including 10.9 in the euro zone, which includes Belgium, Germany, Ireland, Spain , France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Greece, Slovenia, Cyprus, Malta, Slovakia, Estonia, Latvia and Lithuania were in unemployment in July 2022, reports SchengenVisaInfo.com.
This number fell by 113,000 in the EU and by 77,000 in the eurozone compared to the previous month, while compared to July 2021 unemployment fell by 1.8 million in the EU and by 1. 5 million in the euro zone.
In terms of gender, unemployment rates were higher for women – 6.4% compared to men, who were 5.7%, with both rates stable from the previous month. In the Eurozone, the unemployment rate for women fell from 7.1% in June to 7% in July, while the same rates for the opposite sex remained unchanged at 6.3%.
In addition, Eurostat data shows that 2.6 million people under the age of 25 were unemployed in the EU, including 2.1 million in the euro area. In July 2022, the youth unemployment rate stood at 14% for the euro area, down from 14.2% and 14.4%, respectively.
Compared to the previous month, the youth unemployment rate fell by 55,000 in the EU and by another 35,000 in the euro zone, while compared to July 2021 data, youth unemployment fell by 329,000 and 244,000 in the EU and Eurozone, respectively.
By country, those with the lowest unemployment rates in July 2022 were the Czech Republic (2.3%), Poland (2.6%), Germany and Malta, the latter with unemployment rates 2.9% each.
At the other end of the scale, the countries with the highest unemployment rates for the seventh month of the year were Spain, Greece and Cyprus, with unemployment rates of 12.6%, 11 .4% and 8%, respectively.
Other countries with an unemployment rate below 5% include Hungary (3.5%), the Netherlands (3.6%), Ireland (4.2%), Slovenia (4.2 %), Luxembourg (4.3%), Austria (4.6%). %), Bulgaria (4.6%) and Denmark (4.6%).