October 1, 2021
In August 2021, the seasonally adjusted unemployment rate in the euro area was 7.5%, down from 7.6% in July 2021. The unemployment rate in the EU was 6.8% in August 2021, down from 6.9% in July 2021 and from 7.7% a year earlier. In August 2021, the number of people unemployed in the European Union decreased by 224,000 compared to the previous month. The rate of unemployment in the euro area decreased by 261,000, in comparison to July 2021. Eurostat noted, “Eurostat estimates that 14.469 million men and women in the EU, of whom 12.162 million in the euro area, were unemployed in August 2021.” Also, the unemployment rate decreased by 1.97 million in European Union and by 1.86 million in the euro area, when compared to August 2020.
In August 2021, 2.83 million young people (under 25) were unemployed in the EU. The figure includes 2.32 million in the euro area. Compared to the same month in 2020, the youth unemployment rate decreased by 508,000 in the EU and by 471,000 in the euro area. Also, compared to the previous month youth unemployment declined by 66,000 in the EU and by 63,000 in the euro area. “In August 2021, the youth unemployment rate was 16.2% in the EU and 16.4% in the euro area, down from 16.4% and 16.7% respectively in the previous month,” Eurostat noted.
The unemployment rate for women in the EU was 7.2% in August 2021, down from 7.4% in June 2021. The rate for men was 6.5% in August 2021, stable compared with June 2021. While in the euro area unemployment rate for women declined month over month to 7.9% from 8.1% in July 2021. Men’s unemployment rate in the euro area was stable at 7.1% in August 2021.
Disclaimer:
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.
