Thu, 22 Oct 2020

Unemployment in EU continues to rise in August

Xinhua
02 Oct 2020, 03:18 GMT+10

BRUSSELS, Oct. 1 (Xinhua) -- Unemployment in the European Union (EU) and the euro area continued to climb in August, following the same trend in the previous months, statistics issued on Thursday show.

According to Eurostat, the EU's statistical office, the unemployment rate in the EU increased to 7.4 percent in August, while in the euro area, it rose to 8.1 percent.

Eurostat said it estimates that just over 15.6 million people in the EU and around 13.2 million in the euro area were unemployed in August. It said that when compared with July, the number of unemployed increased by 238,000 in the EU and by 251,000 in the euro area.

A breakdown of the statistics shows that over three million of those unemployed in the EU were young people under the age of 25, and 2.46 million of these were in the euro area.

If seen according to gender, the unemployment rate for women in August stood at 7.6 percent in the EU, up from 7.5 percent in July. The unemployment rate for men was 7.1 percent in August, stable when compared to the previous month.

In the euro area, the unemployment rate for women increased from 8.3 percent in July to 8.4 percent in August while it increased from 7.8 percent to 7.9 percent for men.

More Finland News

Access More

Sign up for Finland News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!