Eurostat: unemployment rate in the euro area rose to 6.5 percent in June
Media Agerpres
Date Thursday 1 August 2024
The unemployment rate in the euro area rose to 6.5 percent in June from 6.4 percent in May, while the unemployment rate in the European Union (EU) was unchanged at 6 percent in the sixth month of the year compared to May, according to data published by the European Statistical Office (Eurostat) on Thursday.
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The unemployment rate in the euro area rose to 6.5 percent in June from 6.4 percent in May, while the unemployment rate in the European Union (EU) was unchanged at 6 percent in the sixth month of the year compared to May, according to data published by the European Statistical Office (Eurostat) on Thursday.
Romania's unemployment rate rose to 5.5 percent in June from 5.4 percent in May.
In absolute terms, 13.258 million people were unemployed in the EU in June, including 11.122 million in euro area countries. Compared to May, the number of unemployed increased by 52,000 in the EU and by 41,000 in the euro area.
In June, 2.831 million young people under 25 were unemployed in the EU, of which 2.270 million in the euro area. The youth unemployment rate was 14.4% in the EU and 14.1% in the euro area, compared with 14.5% in the EU and 14.2% in the euro area in May.
In June, the unemployment rate for women was stable at 6.3% compared with the previous month, and for men at 5.8% in the EU. In the euro area, the unemployment rate for women was 6.8% (compared with 6.7% in May) and for men was stable at 6.2%.
Among the EU countries, the lowest unemployment rates in June were recorded in the Czech Republic (2.7%), Poland (3%), Malta and Slovenia (both 3.1%) and Germany (3.4%), while the highest rates were registered in Spain (11.5%) and Greece (9.6%).
Eurostat uses the International Labour Organisation (ILO) criteria to define unemployment. The ILO defines unemployed as persons aged 15-74 who are not working, are able to start work in the next two weeks and have actively looked for work in the last four weeks.
In Romania, the unemployment rate in June 2024 was 5.5 percent according to seasonally adjusted data, up 0.1 percentage points from a month earlier, according to data released by the National Institute of Statistics on Thursday.
The unemployment rate for men was 0.4 percentage points higher than for women.
The estimated number of unemployed people aged 15 to 74 fell to 447,100 in the sixth month of this year from 452,100 in the previous month. It also fell from 459,300 in June 2023.
By gender, the unemployment rate for men was 0.4 percentage points higher than for women (5.6 percent for men and 5.2 percent for women).
According to the INS, the unemployment rate among young people (15-24 year olds) remains high at 20.5 percent. The unemployment rate for adults (25-74 years old) is estimated at 4.4 percent in June 2024 (4.2 percent for women and 4.6 percent for men). The number of unemployed persons aged 25-74 years accounts for 76.7 percent of the total unemployed estimated in June 2024.