August 30, 2024
In July 2024, the Euro Area seasonally adjusted unemployment rate was 6.4%, a decrease from 6.5% in June 2024 and 6.6% in July 2023. In July 2024, the EU unemployment rate was 6.0%, which remained steady between June 2024 and July 2023.
Eurostat forecasts that 13.108 million people in the EU, 10.990 million in the Euro Area, were unemployed in July 2024.
- Compared with June 2024, unemployment decreased by 82 thousand in the EU and by 114 thousand in the euro area.
- Compared with July 2023, unemployment decreased by 72 thousand in the EU and by 190 thousand in the euro area.
Youth Unemployment
In July 2024, 2.818 million young people (under 25) were unemployed in the EU, with 2.263 million in the Euro Area. In July 2024, the youth unemployment rate in the EU was 14.5%, down from 14.6% in June 2024, and 14.2% in the Euro Area, down from 14.4% the month before.
- Compared with June 2024, youth unemployment decreased by 25 thousand in the EU and by 37 thousand in the euro area.
- Compared with July 2023, youth unemployment increased by 8 thousand in the EU, while it decreased by 66 thousand in the euro area.
(Source: Eurostat)
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