Euro area’s unemployment rate drops to 6.5% in Apr 2023
It is estimated that around 13,028 million people in the EU, of which 11.088 million are in the euro area, are unemployed in April 2023. Compared with March 2023, the unemployment rate has decreased by 18,000 in the EU and 33,000 in the euro area. Compared with April 2022, the unemployment rate has decreased by 212,000 in the EU and 203,000 in the euro area, Eurostat, the EU’s statistics agency, said in a press release.
In April 2023, 2.664 million young people (under 25 years old) were unemployed in the EU, of which 2.206 million were in the euro area. In April 2023, the youth unemployment rate was 13.8% in the EU and 13.9% in the euro area, both down from 14.0% the previous month. Compared to March 2023, the youth unemployment rate decreased by 28,000 in the EU and by 8,000 in the euro area. Compared to April 2022, the youth unemployment rate decreased by 17,000 in the EU and by 8,000 in the euro area.
The unemployment rate in the euro area falls to 6.5% in April 2023; The EU rate remained steady at 6 percent. About 13,028 million people are unemployed in the EU, down 18,000 from March 2023. The youth unemployment rate in the EU is 13.8%, down from 14%; The unemployment rate for women is stable at 6.3% in the EU.
In April 2023, the unemployment rate for women in the EU was 6.3%, stable from March 2023. The unemployment rate for men was 5.8% in April 2023, up from 5.7% of the previous month. In the euro area, the unemployment rate for women was 6.9%, stable from March 2023. The unemployment rate for men was 6.2%, also stable from the previous month.
Fiber2Fashion (NB) News Desk