Spain repeats as country with highest unemployment in Eurozone

The unemployment rate in the eurozone stood at 6.8% for the third consecutive month last April, which is 1.4 percentage points lower than the same month in 2021 and represents the lowest level of unemployment among the nineteen in the entire historical series, the pre-April period. 1998, according to Eurostat data.

The unemployment rate in the eurozone thus remains six tenths below pre-pandemic levels, as unemployment in euro countries stood at 7.4% in February 2020.

Spain became a member state of the European Union (EU) in April with the highest unemployment rateSince the indicator was 13.3%, which was two tenths of a percentage point compared to that recorded in March.

in second place, was very close to Spain Greeceat the rate of Unemployment of 12,7% In the fourth month of 2022.

Similarly, across the EU, the unemployment rate held steady at 6.2% in April, compared to 7.5% a year earlier. It is also the lowest level of unemployment in twenty-seven.

The European Statistics Office estimated that 13.264 million people were unemployed in the EU in April 2022, of which 11.181 million were in the euro area. This represents a monthly shortfall of 89,000 and 96,000 people, respectively.

Compared to April 2021, the number of unemployed people in the EU declined by 2.543 million and in the euro area by 2.175 million.

Spain and Greece leading in unemployment

At twenty-seven, the highest unemployment rate was in line with Spain with 13.3%; Greece, with 12.7%; and Italy, with 8.4%. In contrast, the lowest unemployment figures were seen in Czech Republic (2.4%), Germany and Poland (with both 3%,

In the case of those under the age of 25, the unemployment rate in the euro area and EU was 13.9% in March, compared to 14% in the previous month.

In absolute terms, the number of unemployed youth in the EU reached 2.6 million people in the fourth month of the year, of which 2.122 million corresponded to the Eurozone.

In the case of Spain, 3.113 million people were unemployed in April 2022, of whom 471,000 were under the age of 25.

As such, Spain had a youth unemployment rate of 28.9%, second in twenty-seven, behind Greece at 36.8% and ahead of Italy at 23.8%.