Eurozone jobless rate edges up in August
The euro area’s unemployment rate rose to 6.3% in August, up from 6.2% in July, according to data released by Eurostat on Thursday.
The figure came in slightly above market expectations, which had forecast no change. Meanwhile, the broader European Union’s jobless rate remained stable at 5.9%, News.Az reports, citing foreign media.
Eurostat estimated that 13.09 million people in the EU were unemployed in August, including 10.84 million in the eurozone. Compared to July, the number of jobless rose by 39,000 in the EU and by 11,000 in the euro area.
Youth unemployment remained a concern. About 2.82 million people age 25 and under were out of work across the EU, including 2.22 million in the eurozone. The youth jobless rate reached 14.6% in the EU, up from 14.4% a month earlier, while it stayed at 14% in the euro area.
Spain had the highest overall unemployment rate at 10.3%. Malta and Slovenia saw the lowest at 2.9% each.
The euro area — also referred to as EA20 — is made up of EU member states that use the bloc’s single currency, the euro.
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