The latest data on unemployment in the EU and eurozone shows a stable rate of 5.9% and 6.4% respectively in August 2024. This marks a slight improvement from June and July, with over 13 million people out of jobs across the bloc. The highest unemployment rates are seen in Spain, Greece, and Sweden.
In terms of youth unemployment, there are still over 2.7 million unemployed individuals under the age of 25 in the EU, accounting for 14.3% of the total unemployed population. However, this figure has decreased compared to the previous year. Spain, Sweden, and Estonia have the highest rates of youth unemployment, while Germany has the lowest.
Interestingly, there are more unemployed women than men in the EU, with rates of 6.1% and 5.7% respectively. The unemployment rate for women remains stable, while men have seen a decrease in unemployment from July. The highest rates of female unemployment are found in Greece, Spain, and Sweden.
Overall, while the unemployment rate in the EU and eurozone has stabilized, there are still concerning levels of joblessness, particularly among young people and women. Policymakers will need to continue to monitor and address these issues to ensure a more equitable and prosperous workforce.
Source
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