The unemployment rate in the euro area (6.4%) and the EU (5.9%) remains at record lows

Spain registers the highest level of unemployment (11.6%) and youth unemployment (27%) among the Twenty-seven

MADRID, 31 Ago. (EUROPA PRESS) -

The unemployment rate in the euro area stood at 6.4% last July, in line with the previous month and its lowest level in the entire historical series, while in the EU as a whole it was also repeated for the third month the historical minimum of 5.9%, according to data published by Eurostat.

In this way, the unemployment rate in the euro area has been one percentage point below the level prior to the pandemic, since in February 2020 unemployment among the euro countries was 7.4%.

The European statistical office estimates that 12.928 million people were unemployed in the EU in July, of which 10.944 million were in the euro zone.

This represents a monthly increase of 35,000 unemployed in the EU and 73,000 in the euro zone. Compared to July 2022, unemployment decreased by 209,000 people in the EU and by 264,000 in the euro zone.

Among the Twenty-seven, the highest unemployment rates corresponded to Spain, with 11.6%; Greece, with 10.8% and Italy, with 7.6%. By contrast, the lowest unemployment figures were observed in Malta, at 2.5%; Czechia, with 2.7%, and Poland, with 2.8%.

In the case of those under 25 years of age, the unemployment rate in the euro zone remained stable in July at 13.8%, while in the EU as a whole the figure fell to 13.9% from 14, 2% of the previous month.

In absolute terms, the number of young unemployed in the EU reached 2.68 million people in the seventh month of the year, of which 2.2 million corresponded to the euro area.

In the case of Spain, in July 2023, 2.77 million people were unemployed, of which 461,000 were under 25 years of age.

Thus, the youth unemployment rate in Spain was 27%, the highest among the Twenty-seven, ahead of Greece's 23.2%, as well as Italy's 22.1%.