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Unemployment in the eurozone fell to 6.4%


August, 30 2024
watermark Economic news

The Statistical Office of the European Union reported a decrease in unemployment in the eurozone in July to 6.4% from 6.5% in June. This figure was lower than the forecast of analysts, who expected unemployment at 6.5%. In July 2023, unemployment in the region was 6.6%.


Last month, the number of unemployed in the eurozone decreased by 114 thousand and amounted to 10.990 million people.


Youth unemployment rate (under 25 years old) decreased to 14.2% from 14.4% in June.


Among the largest eurozone countries, the lowest unemployment rate was recorded in Germany (3.4%), and the highest in Spain (11.5%). Indicators in both countries remained at the level of the previous month.


In July, unemployment in France was 7.5%, as in June, and in Italy it fell to 6.5% from 6.9% in the previous month.


In the European Union as a whole, the unemployment rate remained at 6% last month, as it was in July 2023.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.