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EU, Eurozone Unemployment Ease in March

May 3, 2022 by Forex Winner Leave a Comment

Unemployment

Source: Eurostat

Unemployment in both the eurozone and the European Union eased slightly in March, equivalent to some 13.374 million individuals in the area. EZU is up 0.50%, VGK is up 0.67%.

  • The seasonally-adjusted unemployment rate for the euro area stood at 6.8%, down from 6.9% recorded in February and 8.2% the same month last year.
  • This is equivalent to 11.274 million individuals, lower than 11.350 million in February and 13.205 million in March.
  • The unemployment rate for the European Union came in at 6.2%, down from 6.3% in February and 7.5% in March last year.
  • This translates to 13.374 million versus 13.459 million in February and 13.719 million the same month last year.
  • Youth unemployment stood at 2.579 million in the European Union, and 2.098 million in the euro area.
  • This reflects an unemployment rate of 13.9% in both the European Union and the eurozone, down from 14.0% the previous month.

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