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In February, this rate was 6.6 percent. Unemployment in the currency has been at a low level for over a year. The unemployment rate was only slightly higher at 6.8 percent in March 2022.
The statistics office also reported that around 11.0 million people were unemployed in the 20 member states of the eurozone in March. That’s 121,000 less than in February. Compared to last year, the number of unemployed decreased by 365,000.
Spain has the highest unemployment rate among the 20 countries in the eurozone, at 12.8 percent. The German unemployment rate is 2.8 percent, one of the lowest in the currency area.
Eurostat’s labor market data is based on figures from the International Labor Organization (ILO). The rate for Germany is therefore significantly lower than the rate reported by the Federal Employment Agency (BA). The Federal Agency announced at the end of April that the unemployment rate in Germany was 5.7 percent in April and March.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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