Unemployment in the Eurozone hits a record low!

The unemployment rate in the Eurozone fell to 6.4 percent in January. The European Statistical Office (Eurostat) has released the January unemployment data for the European Union (EU) and the Eurozone.

In the EU, the seasonally adjusted unemployment rate, which was 6 percent in December, remained unchanged in January.

In the Eurozone, the unemployment rate, which was 6.5 percent in December, fell to 6.4 percent in January. The unemployment rate was measured at 6.6 percent in the Eurozone and 6.1 percent in the EU in January 2023.

In January, the unemployment rate was determined to be 11.6 percent in Spain, 10.4 percent in Greece, 8.1 percent in Sweden, and 7.5 percent in France.

The number of unemployed people in the EU was calculated at 13 million 144 thousand in January. Of these individuals, 11 million 9 thousand were in the Eurozone.

In January, the number of unemployed youth under the age of 25 was recorded at 2 million 898 thousand in the EU and 2 million 315 thousand in the Eurozone. The youth unemployment rate was measured at 14.9 percent in the EU and 14.5 percent in the Eurozone.

News Source: AA