02.Dec .2021 21:30

EU Unemployment at 6.7%

EU Unemployment at 6.7%
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In October 2021, the euro area seasonally-adjusted unemployment rate was 7.3%, down from 7.4% in September 2021 and from 8.4% in October 2020. The EU unemployment rate was 6.7% in October 2021, stable compared with September 2021 and down from 7.5% in October 2020. These figures are published by Eurostat, the statistical office of the European Union.
 
Eurostat estimates that 14.312 million men and women in the EU, of whom 12.045 million in the euro area, were unemployed in October 2021. Compared with September 2021, the number of persons unemployed decreased by 77 000 in the EU and by 64 000 in the euro area. Compared with October 2020, unemployment decreased by 1.650 million in the EU and by 1.564 million in the euro area.
 
In October 2021, 2.905 million young persons (under 25) were unemployed in the EU, of whom 2.367 million were in the euro area. In October 2021, the youth unemployment rate was 15.9% in both the EU and the euro area, down from 16.0% in the EU and from 16.1% in the euro area in the previous month. Compared with September 2021, youth unemployment decreased by 2 000 in the EU and by 9 000 in the euro area. Compared with October 2020, youth unemployment decreased by 165 000 in both the EU and the euro area.
 
In October 2021, the unemployment rate for women was 7.0% in the EU, down from 7.1% in September 2021. The unemployment rate for men was 6.4% in October 2021, down from 6.5% in September 2021. In the euro area, the unemployment rate for women decreased from 7.8% in September 2021 to 7.7% in October 2021, while the unemployment rate for men remained stable at 7.0%.