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Eurozone Unemployment Down in October, Unchanged in EU

December 2, 2021 by Forex Winner Leave a Comment

Eurozone Unemployment Down in October, Unchanged in EU

Source: Eurostat

Unemployment in the Eurozone continued to decline in October but was largely unchanged in the European Union during the month. EZU is up 1.37% premarket, while VGK is flat.

  • The Euro area seasonally-adjusted unemployment rate stood at 7.3% in October, lower than the 7.4% in September and the 8.4% the same month last year.
  • The EU unemployment rate remained at 6.7%, unchanged from the previous year but lower than the 7.5% in October 2020.
  • There were a total of 14.312 million unemployed in the European Union during the month, of whom 12.045 million were in the Eurozone.
  • Unemployed individuals declined by 77,000 in the EU and 64,000 in the Euro area from the previous month.
  • Unemployed individuals fell by 1.650 million in the European Union, and by 1.564 million in the Eurozone compared with the same month last year.
  • Youth unemployment stood at 2.905 million in the EU, of whom 2.367 million were in the Eurozone.

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