Eurozone, EU Unemployment Decline Further in February

Source: Eurostat

Unemployment in both the eurozone and the European Union posted slight declines in February, reflecting an improvement in employment during the month. EZU is down 0.43%, and VGK is down 0.47% premarket.

• The seasonally adjusted unemployment rate of the eurozone was recorded at 6.8%, down from 6.9% in January and 8.2% in February 2021.
• This is equivalent to 11.155 million individuals, lower than the 11.336 million in the previous month and 13.305 million in the same month last year.
• The European Union’s unemployment rate declined to 6.2% from 6.3% in January and 7.5% in February 2021.
• This reflects 13.267 million individuals, which compares with 13.488 million in January and 15.835 in the comparable period last year. 
• Youth unemployment in both territories stood at 14.0%, down from 14.3% in January. This is equivalent to 2.101 million in the eurozone and 2.581 million in the EU.
• The highest unemployment rates were recorded in Spain at 12.6%, Greece at 11.9%, and Italy at 8.5%.