In June 2023, Euro Area Unemployment Holds Steady at 6.4%, Youth Unemployment Increases Slightly to 14.1%

August 3, 2023

In June 2023, the euro area seasonally-adjusted unemployment rate was 6.4%, stable compared with May 2023 and down from 6.7% in June 2022. The EU unemployment rate was 5.9% in June 2023, also stable compared with May 2023 and down from 6.1% in June 2022. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 12.802 million persons in the EU, of whom 10.814 million in the euro area, were unemployed in June 2023. Compared with May 2023, unemployment decreased by 2 thousand in the EU and by 62 thousand in the euro area. Compared with June 2022, unemployment decreased by 387 thousand in the EU and by 441 thousand in the euro area.

Youth unemployment

In June 2023, 2.739 million young persons (under 25) were unemployed in the EU, of whom 2.204 million were in the euro area. In June 2023, the youth unemployment rate was 14.1% in the EU and 13.8% in the euro area, respectively up and down from 14.0% recorded in both regions in the previous month. Compared with May 2023, youth unemployment increased by 28 thousand in the EU and decreased by 31 thousand in the euro area. Compared with June 2022, youth unemployment decreased by 16 thousand in the EU and by 81 thousand in the euro area.

Unemployment by sex

In June 2023, the unemployment rate for women was 6.1% in the EU, stable compared with May 2023. The unemployment rate for men was 5.7% in June 2023, also stable compared with the previous month. In the euro area, the unemployment rate for women was 6.7% and the unemployment rate for men was 6.1%, both stable compared with May 2023.

Source: Eurostat
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