September 2, 2021
In June 2021, the seasonally adjusted unemployment rate in the euro area was 7.6%, down from 7.8% in June 2021. The unemployment rate in the EU was 6.9% in July 2021, down from 7.1% in June 2021 and from 7.6% a year earlier. In July 2021, the number of people unemployed in the European Union decreased by 430,000 compared to the previous month. The rate of unemployment in the euro area decreased by 350 000, in comparison to June 2021. Eurostat noted, “Eurostat estimates that 14.613 million men and women in the EU, of whom 12.334 million in the euro area, were unemployed in July 2021.” Also, the unemployment rate decreased by 1.521 million in European Union and by 1.336 million in the euro area, when compared to July 2020.
In July 2021, 2.854 million young people were unemployed in the EU. The figure includes 2.339 million in the euro area. Compared to the same month in 2020, the youth unemployment rate decreased by 420,000 in the EU and by 360,000 in the euro area. Also compare to the previous month youth unemployment declined by 151,000 in the EU and by 140,000 in the euro area. “In July 2021, the youth unemployment rate was 16.2% in the EU and 16.5% in the euro area, down from 16.9% and 17.2% respectively in the previous month,” Eurostat noted.
The unemployment rate for women in the EU was 7.3% in July 2021, down from 7.5% in June 2021. The rate for men was 6.5% in July 2021, less than June 2021 6.7%. while in the euro area unemployment rate for women declined month over month to 8.1% from 8.3% in June 2021. Men’s unemployment rate in the euro area went down from 7.3% in June 2021 to 7.1% in July 2021.
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