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Euro zone unemployment unchanged at record low of 6.6%

epa08464881 (FILE) - A view of a sign in front of the building of the European Central Bank (ECB) in Frankfurt am Main, Germany, 19 January 2017 (reissued 04 June 2020). The ECB on 04 June 2020 announced it's monetary policy decision and said the pandemic emergency purchase programme (PEPP) will be increased by 600 billion euro to a total of 1,350 billion euro, as a part of stimulus efforts to strenghten the eurozone economy. ECB also held the interest rates at 0,00 per cent. EPA-EFE/RONALD WITTEK

BRUSSELS, Sept 30 (Reuters) – Euro zone unemployment was unchanged at a record low of 6.6% of the workforce in August, the European Union’s statistics office Eurostat said on Friday, matching expectations of economists polled by Reuters.

Eurostat said that in absolute terms, the number of people without jobs in the 19 countries sharing the euro fell further to 10.966 million in August from 10.996 million in July.

The figure was 1.358 million lower than in August 2021, when the unemployment rate was 7.5%.

For Eurostat release, click HERE

TABLE-Euro zone unemployment data for August

The European Union’s statistics office Eurostat released the following data on Friday on unemployment in the 19 countries sharing the euro:

Unemployed as percentage of labour force (seasonally adjusted):

Rates (%)
Aug 21May 22Jun 22Jul 22Aug 22
Euro area7.56.76.76.66.6
EU6.86.16.16.06.0

NOTE – Reuters poll consensus was for a euro zone unemployment rate of 6.6% in August.

Filed under Comuniq.EU
Topics Euro Zone

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