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Saturday | October 24 | 2020

Euro area unemployment at 8.1% in August 2020

In August 2020, the euro area seasonally-adjusted unemployment rate has continued to rise for 5 consecutive months, reaching 8.1%.

The same trend has applied to the EU unemployment rate that reached 7.4% in August, show the latest figures published by Eurostat.

Eurostat estimates that 15.603 million men and women in the EU, of whom 13.188 million in the euro area, were unemployed in August 2020.

Compared with July 2020, the number of persons unemployed increased by 238.000 in the EU and by 251.000 in the euro area.

In August 2020, 3.032 million young persons (under 25) were unemployed in the EU, of whom 2.460 million were in the euro area. In August 2020, the youth unemployment rate was 17.6% in the EU and 18.1% in the euro area, up from 17.4% and 17.8% respectively in the previous month.

Compared with July 2020, youth unemployment increased by 64.000 in the EU and by 69.000 in the euro area.

In August 2020, the unemployment rate for women was 7.6% in the EU, up from 7.5% in July 2020.

The unemployment rate for men was 7.1% in August 2020, stable compared with July 2020.

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