Youth unemployment in Spain fell below 30% for the first time since 2008
Madrid, 10 (Europe Press)
The unemployment rate in the euro area was 7.2% last November, one tenth lower than in the previous month, and nine tenths lower in the same month by 2020, while in the EU overall it was 6.5% and two tenths lower than that. According to Eurostat, Spain has the highest unemployment rate of 14.1% in October, compared to 7.4% in October and a year earlier.
Unemployment data recorded in November 2021 indicate a better reading of data in both regions from March 2020, the first month that controls were introduced to control the spread of the COVID-19 epidemic.
The European Statistics Office estimates that 13.984 million people will be unemployed in the EU by November 2021, of which 11.829 million are in the Eurozone. This represents a monthly decrease of 247,000 and 222,000, respectively.
Compared to November 2020, the number of unemployed fell by 1.659 million in the European Union and 1.411 million in the Eurozone.
Twenty-seven, with high unemployment rates corresponding to Spain, 14.1% (less than three tenths); Greece, 13.4% (one tenth more); And Italy, 9.2% (less than two tenths). In contrast, the Czech Republic (2.2%), the Netherlands (2.7%) and Poland (3%) had the lowest unemployment figures.
For those under the age of 25, the unemployment rate in the euro zone was 15.5% in the eleventh month of the year, representing one-third to one-tenth, in the EU it was 15, 4%, and two. Ten less than it was in October.
In its entirety, the number of unemployed youth in the EU reached 2,842 million in November, equivalent to an area of 2,313 million euros.
Youth unemployment in Spain has fallen by 30% for the first time since 2008
According to Spain, 3,279 million unemployed were counted in November, of whom 493,000 were under the age of 25, which represents a reduction of 88,000 unemployed compared to October, with 9,000 unemployed youth declining.
In this way, the youth unemployment rate in Spain was 29.2%, up from 30.2% in October, and this is the first time since November 2008 that unemployment among 25-year-olds has fallen below the 30% mark.
However, Spain’s youth unemployment rate is the second highest in the EU, just behind 39.1% in Greece and 28% in Italy.
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