HomeEconomyThe unemployment rate of the euro zone falls to its lowest historical...

The unemployment rate of the euro zone falls to its lowest historical level in July

Eurostat data indicates that the unemployment rate in the euro zone is reduced slightly in July and limits 6.2%, a historically low level, which had already been reached last November.

Historically, it is low: the unemployment rate fell in July in the euro zone, with 6.2% of the active population, against 6.3% in June (Revised figure to 0.1 points), Eurostat announced on Monday. The unemployment rate, therefore, returns to its lowest level in the countries of the euro zone since the European Statistics Office began compiling this series in April 1998, which had already reached in November 2024.

Compared to July 2024, the rate of unemployed people decreased by 0.2 points in the 20 countries that share the single currency. For the entire European Union, the unemployment rate also decreased by 0.1 points in July compared to June 5.9%, its historical point. The July figure was also reviewed by Eurostat. Eurostat estimates that a little more than 13 million people were unemployed in the EU in July, including 10.8 million in the euro zone.

Simple to triple differences

The unemployment rate remained stable in France at 7.6%, according to harmonized Eurostat data. A level that remains higher than that of its two large neighbors, Germany (3.7%) and Italy (6%). Within the EU, the lowest rates were observed in Malta (2.6%), in the Czech Republic (2.8%) and Slovenia (2.9%). The highest identified in Spain (10.4%), Finland (9.5%) and Sweden (8.7%).

The unemployment rate of young people (under 25) was 14.4% in the EU, and 13.9% in the euro zone, in both cases 0.4 points compared to June.

Author: HC with AFP
Source: BFM TV

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