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EZ Sep Unemployment Ticked Down

EUROZONE DATA
MNI (London)

EZ OCT UNEMPLOYMENT RATE 8.4%; SEP 8.5%r

  • The EZ jobless rate was edged down in Oct from an upwardly revised Sep reading of 8.5% (rev. up +0.2pp).
  • The unemployment rate is 1.0pp higher than in Oct 2019.
  • The rate has gradually increased since the start of the pandemic, but national job protection schemes prevented a steeper rise.
  • Among the member states, Spain (16.2%), Cyprus (10.5%) and Lithuania (10.4%) recorded the largest jobless rates in the EZ, while Malta (3.9%), the Netherlands (4.3%) and Germany (4.5%) saw the smallest unemployment rates in Oct.
  • Youth unemployment (under 25s) rose in Oct, increasing to 18.0%, while overall male unemployment remained unchanged at 8.0%.
  • The female jobless rate eased further in Oct to 8.9% in Oct, down from 9.0% seen in the previous month.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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