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EZ Sep Unemployment Unchanged

EUROZONE DATA
MNI (London)

EZ SEP UNEMPLOYMENT RATE 8.3%; AUG 8.3%r

  • The EZ jobless rate was unchanged in Sep after an upwardly revised Aug reading of 8.3% (rev. up +0.2pp).
  • The unemployment rate is 0.8pp higher than in Sep 2019.
  • The rate gradually increased since the start of the pandemic, but national job protection schemes prevented a steeper rise.
  • Among the member states, Spain (16.5%), Lithuania (9.8%) and Italy (9.6%) recorded the largest jobless rates in the EZ, while Malta (4.0%), the Netherlands (4.4%) and Germany (4.5%) saw the smallest unemployment rates in Sep.
  • Youth unemployment (under 25s) eased slightly in Sep, falling to 17.6%, however Eurostat noted that some young people might not have actively been seeking employment and hence fell out of the labour force.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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