The euro area seasonally-adjusted unemployment rate decreased by 0.1% to 8.0% in April 2021, compared to March 2021 and greater than 7.3% recorded in April 2020, according to Eurostat, the statistical office of the European Union. Additionally, it was reported that, “the EU unemployment rate was 7.3% in April 2021, stable compared with March 2021 and up from 6.7% in April 2020.”
The Eurostat estimated number of unemployed persons in the EU is approximately 15.38 million men and women, of whom 13.03 million in the euro area were unemployed in April 2021. Additionally, relative to March 2021, the number of persons unemployed decreased by 165,000 in the EU and by 134,000 in the euro area. It was further stated that, “compared with April 2020, unemployment rose by 1.406 million in the EU and by 1.275 million in the euro area.”
Youth Unemployment
In April 2021, the number of unemployed young persons (under 25 years) amounted to about 2.939 million in the EU; of whom approximately 2.348 million were in the euro area. Compared with the prior year, youth unemployment rose by 211,000 in the EU and increased by 126,000 in the euro area. Eurostat also noted, “in April 2021, the youth unemployment rate was 17.1% in the EU and 17.2% in the euro area, stable in both areas compared with previous month.” Additionally, compared with March 2021, youth unemployment decreased by 21,000 in the EU and by 18,000 in the euro area.
Unemployment by gender
In the euro area unemployment rate for women fell from 8.5% in March 2021 to 8.4% in April 2021, while in the EU unemployment rate for women decreased to 7.6% in April 2021 from 7.7% in March 2021. The unemployment rate for men in EU as at April 2021 was 7.0%, stable compared to the previous month, similar in the euro area men unemployment rate was stable at 7.7%.
Analyst Certification –The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure –The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.