(Eurostat) Euro area posted an unemployment rate of 7.5% in August 2021, a decline from 7.6% in July and 8.6% in August last year. EU’s unemployment was 6.8%, a decline from 6.9% in July and 7.7% the prior year.
Fig: Euro area and EU Unemployment Rates
The number of unemployed persons fell by 224,000 in August from July in the EU. The number declined by 261,000 in the euro area.
On a year-over-year basis, unemployment was down by 1.965 million in the EU and while the euro area posted a 1.861 million decline.
The youth unemployment rate stood at 16.2% in the EU in August, down from 16.4% in July. Youth unemployment was 16.5% in the euro area, down from 16.7% in July.
Unemployment among women was 7.2% in the EU, a fall from 7.4% in July, while the unemployment rate for men was 6.5%, little changed from July. The unemployment rate for women in the euro area was 7.9%, a decline from 8.1% in July, while that of men remained stable at 7.1%.
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