EU unemployment at lowest level ever recorded

European unemployment is at its lowest level ever recorded. This is due to the tightness on the labour market. In Belgium, too, unemployment continues to decline. According to the European statistics office, unemployment in the eurozone fell to 6.6 percent of the labour force in August, compared to 6.7 percent in July.

Due to the economic recovery from the corona crisis, the demand for personnel is very high and many sectors are facing shortages. For the European Union as a whole, Eurostat measured an unemployment rate of 6 percent. Here, too, there was a slight decline to the lowest level ever recorded.

Within the euro countries, however, there are still nearly 11 million unemployed, with the highest unemployment rate in Greece and Spain. In Belgium, unemployment fell from 6.2 percent to 5.9 percent in one year's time. The Netherlands is one of the countries with the lowest unemployment rate. Furthermore, in the eurozone, 2.2 million young people up to the age of 25 are unemployed. This amounts to more than 14 percent.




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