Eurozone unemployment continues to rise in july

CNC
Added On September 2, 2020

Eurostat said, the seasonally-adjusted unemployment rate in the euro area was 7.9 percent in July, up from 7.7 percent in the previous month. It added that the unemployment rate in the whole EU area was 7.2 percent in July, higher than 7.1 percent in June. Among some 15.2 million unemployed in the EU, 2.9 million were aged under 25. The youth unemployment rate was 17 percent in the EU and 17.3 percent in the euro area, up from 16.9 percent and 17.2 percent respectively in June, showing continued deterioration of the employment situation. Among EU member states, the highest unemployment rates were observed in Spain, at 15.8 percent, followed by Italy, at 9.7 percent.