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Job Report in Europe (September 2020) – Unemployment at 8.3% with 15.990 million and 2.995 million young persons (under 25), stable compared with August 2020

In September 2020, the euro area seasonally-adjusted unemployment rate was 8.3%, stable compared with August 2020 and up from 7.5% in September 2019. The EU unemployment rate was 7.5% in September 2020, stable compared with August 2020 and up from 6.6% in September 2019. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 15.990 million men and women in the EU, of whom 13.612 million in the euro area, were unemployed in September 2020. Compared with August 2020, the number of persons unemployed increased by 42 000 in the EU and by 75 000 in the euro area. Compared with September 2019, unemployment rose by 1.811 million in the EU and by 1.376 million in the euro area.

Youth unemployment

In September 2020, 2.995 million young persons (under 25) were unemployed in the EU, of whom 2.451 million were in the euro area. In September 2020, the youth unemployment rate was 17.1% in the EU and 17.6% in the euro area, down from 17.8% and 18.3% respectively in the previous month. Compared with August 2020, youth unemployment decreased by 97 000 in the EU and by 77 000 in the euro area. This decrease should be interpreted with caution: it might be explained by some young persons not actively seeking employment until the situation improves in the labour market. Compared with September 2019, youth unemployment increased by 259 000 in the EU and by 202 000 in the euro area.

Chosen excerpts by Job Market Monitor. Read the whole story @ Euro area unemployment at 8.3%

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