IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Unemployment rate rose in the majority of EU regions in 2020

April 28, 2021

In 2020 the unemployment rate of people aged 15-74 increased in the majority of the Nomenclature of Territorial Units for Statistics (NUTS 2) regions of the EU. It continued to vary widely across the EU regions, with the lowest unemployment rate recorded in the Polish region Wielkopolskie (1.8%), in two Czech regions: Central Bohemia (1.9%) and South-West (2.0%), followed by three further Czech regions: Prague, North-East and South-East (all 2.3%).

At the opposite end of the scale, the highest unemployment rates were registered in the Spanish autonomous cities of Ceuta (24.5%) and Melilla (23.7%) and two further Spanish regions: Canary Islands (22.6%) and Andalusia (22.3%).

This information comes from regional data on the labour market in 2020 published by Eurostat today. The article presents only a handful of findings from the more detailed Statistics Explained article.

In 2019, the unemployment rate of people aged 15-74 in the EU was at its record low since 2000. However, the unemployment rate increased by 0.4 percentage points (pp) in 2020 compared with 2019 as the labour market was heavily impacted by the COVID-19 pandemic.

The majority of the EU regions registered an increase in their unemployment rate although to a varying extent. Among EU regions with available data*, the highest increase was recorded in the Greek region of Crete (+5.6 pp compared with 2019), followed by the Balearic Islands (+4.3 pp) in Spain, the Ionian Islands (+3.6 pp) and South Aegean (+3.0 pp) in Greece as well as Champagne-Ardenne (+2.6 pp) in France.

In contrast, less than one-third (31%) of the EU regions saw their unemployment rate fall in 2020. The highest decreases were registered in the Greek region of West Macedonia (-4.9 pp compared with 2019) and an overseas region of France Réunion (-3.9 pp), followed by the Spanish autonomous city of Melilla (-3.3 pp) and two further overseas regions of France: French Guiana (-3.2 pp) and Guadeloupe (-3.1 pp).

 

 

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.

More Stories from the Market
shutterstock_453968572
May 22, 2026     United States: Economists Boost US Inflation Forecast, Push Out Fed Cut on War   Economists raised their …
image (5)
May 22, 2026 Kindly click the link below to view Mayberry Investments Limited (MIL) Annual Report for the year ended December 31, 2025. MIL ANNU…
shutterstock_148562033
May 21, 2026   IronRock Insurance Company Limited (ROC) has advised that a connected party purchased 9,000 ROC shares on May 19, 2026. …
shutterstock_453968572
May 21, 2026   Scotia Group Jamaica Limited (SGJ) has advised of the resignation of Tricia Davies, Vice President, Business Support effecti…
shutterstock_537598660
May 21, 2026 Tropical Battery Company Limited (TROPICAL)  Unaudited financials for the six months ended March 31, 2026: Tropical Battery Comp…
shutterstock_316932977-700x441
May 21, 2026 Mexico’s credit outlook is coming under increased pressure as rating agencies continue to signal concern over the country’s fiscal p…
shutterstock_537598660
May 21, 2026 The Bank of Jamaica’s Monetary Policy Committee unanimously held the policy rate at 5.50 per cent following its 19–20 May meeting, cit…
shutterstock_453968572
May 21, 2026   United States: US Jobless Claims Were Little Changed at 209,000 Last Week   Applications for US unemployment benefi…