The latest data on EU and Eurozone unemployment rates has been released, showing stability in the numbers. The EU unemployment rate remained at 5.9% in August 2024, with over 13 million people without jobs in the region. The eurozone also saw a stable unemployment rate of 6.4% in August, with almost 11 million people jobless across the 20-country area.
Countries with the highest unemployment rates include Spain (11.3%), Greece (9.5%), and Sweden (8.4%). On the other hand, Czechia (2.6%), Poland (2.9%), and Malta (3.0%) had the lowest rates of unemployment.
Youth unemployment remains a concern, with over 2.7 million young people jobless in the EU, representing 14.3% of the total workforce. Spain, Sweden, and Estonia have the highest rates of youth unemployment, while Germany, Malta, and the Netherlands have the lowest.
In terms of gender, more women are unemployed in the EU compared to men, with rates of 6.1% and 5.7% respectively. The unemployment rate for men fell by 5.8% in August, while the rate for women remained stable. Greece, Spain, and Sweden have the highest rates of female unemployment.
Overall, the data shows a stable unemployment rate in the EU and eurozone, with certain countries and demographics experiencing higher rates of joblessness than others. The situation will continue to be monitored closely as efforts to address unemployment continue.
Source
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