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Spain continues to lead unemployment in the Eurozone, which marks an all-time low

Date: September 29, 2023 Time: 12:32:54

The unemployment rate in the Eurozone in the month of June fell one tenth compared to May and stood at 6.4%, which represents a new all-time low since the creation of the single currency. This is how the data published this Tuesday by the community statistical agency Eurostat and collects Efe. In the European Union (EU) as a whole, the unemployment rate in June remained stable at 5.9%, the same figure obtained in May, and thus also maintaining the all-time low recorded in the community bloc.

By country, Spain lost a drop in unemployment in June of 0.2 points compared to May, standing at 11.7%, which continues to be the highest in the entire euro area and the entire EU, according to Eurostat data. Even so, this decrease of 0.2 month-on-month points between May and June places Spain, together with Greece, as the two countries in the EU and in the euro area where unemployment fell the most between the two months, although their total rates They are the highest in the EU and the Eurozone.

Spain, in the lead together with Greece

Spain (11.7%), Greece (11.1%), Lithuania and Sweden (both with 7.5%) were the European Union countries that registered the highest unemployment in June. At the opposite extreme were Malta (2.6%), Poland and the Czech Republic (both with 2.7%) and Germany (3%), with the lowest unemployment in the EU in June.

In absolute figures, Eurostat estimated that, in the EU as a whole, in June this year there were some 12.8 million people without a job, of which 10.8 million belonged to euro zone countries. Compared to last year, the record low of 6.4% unemployment in the euro area this June represents a reduction of three tenths compared to the 6.7% that was a year earlier. In the EU as a whole, the also historical minimum of 5.9% this June reflects one of two tenths compared to the 6.1% unemployment that existed in the same month of 2022.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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