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The unemployment rate in the Eurozone increases by 6.5 percent

2023-11-04 12:39:01Biznes SHKRUAR NGA REDAKSIA VOX

The unemployment rate in the Eurozone increases by 6.5 percent

Unemployment increases in the Eurozone during the month of September. According to the assessment made by analysts, this indicator will continue to increase in the coming months.

The number of unemployed in the Eurozone rose by 69,000 from a record low in August to 11.02 million, according to figures published on Friday by Eurostat.

This brought the unemployment rate to 6.5%, up from 6.7% in September 2022, an increase from August when the unemployment rate was 6.4%.

The youth unemployment rate, defined as those unemployed under the age of 25 who were actively looking for work in September, rose 14% from 13.9% in August.

The highest unemployment rates were recorded in Spain (12%), Greece (10%) and Italy (7.4%), while the lowest were in the Czech Republic (2.7%), Malta and Poland (both at 2.8%). .

About 13 million people in the EU, including 11 million in the Eurozone, were unemployed during September.

"Looking ahead, we think unemployment in the Eurozone will rise further over the coming months, as GDP is faltering and survey data suggests companies are starting to cut workforces, particularly in manufacturing," said Melanie Debono. , economist for Europe at Pantheon Macroeconomics./ Anadolu Agency


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