March 8, 2023
According to the statistical office of the European Union (Eurostat), the euro area seasonally-adjusted unemployment rate was 6.7% down from 6.9% in January 2023 and constant compared to December 2022. Additionally, it was reported that in EU unemployment rate was 6.1% in January 2023, also stable compared with December 2022 and down from 6.3% in January 2022. These figures are published by Eurostat, the statistical office of the European Union.
In the EU, there were approximately 13.227 million men and women, of whom 11.288 million in the euro area were unemployed in January 2023. It was further stated, “Compared with January 2022, unemployment decreased by 318 thousand in the EU and by 220 thousand in the euro area.”
Youth Unemployment
In January 2023, the number of unemployed young persons (under 25 years) amounted to 2.781 million in the EU. Of the 2.781 million, 2.286 million young persons were in the euro area. The youth unemployment rate in the EU and the euro area was 14.4% in January 2023, down from 14.5% and up from 14.3% the month before, respectively. Compared with the prior year, youth unemployment increased by 116,000 in the EU and by 112,000 in the euro area.
Unemployment by Gender
In the EU, the unemployment rate for women in January 2023 was 6.5%, remaining steady from December 2022. Men’s unemployment fell from 5.8% in December 2022 to 5.7% in January 2023. The unemployment rate for women in the euro area was 7.2%, up from 7.1% in December 2022. Men’s unemployment fell to 6.2% from 6.3% the previous month to reach this level.
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