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Eurozone unemployment increased to 6.5% in June with 41,000 more jobless

Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2022 (Reuters Photo)
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Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2022 (Reuters Photo)
August 01, 2024 01:22 PM GMT+03:00

Unemployment in the Eurozone rose to 6.5% in June, up from 6.4% in May, according to Eurostat. The number of unemployed individuals increased by 41,000 from the previous month, bringing the total to 11.12 million people in the single currency zone.

EU-wide unemployment remains stable

Across the broader European Union, which includes member countries not using the euro, the rate remained steady at 6% in June. This stability was marked by an increase of 52,000 in the number of jobless individuals, reaching 13.26 million.

Youth unemployment

Youth unemployment figures showed a decrease, with 2.83 million young people (under 25) jobless across the E.U., including 2.27 million in the Eurozone. The youth unemployment rate dropped to 14.1% in the Eurozone and 14.4% across the E.U.

August 01, 2024 01:22 PM GMT+03:00
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