Euro area unemployment at 6.6% and EU at 6.0% in February

April 4, 2023

In February 2023, the euro area seasonally-adjusted unemployment rate was 6.6%, stable compared with January 2023 and down from 6.8% in February 2022. The EU unemployment rate was 6.0% in February 2023, down from 6.1% in January 2023 and from 6.2% in February 2022. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 13.120 million persons in the EU, of whom 11.142 million in the euro area, were unemployed in February 2023. Compared with January 2023, unemployment decreased by 24 thousand in the EU and by 59 thousand in the euro area. Compared with February 2022, unemployment decreased by 247 thousand in the EU and by 257 thousand in the euro area.

Youth unemployment

In February 2023, 2.799 million young persons (under 25) were unemployed in the EU, of whom 2.283 million were in the euro area. In February 2023, the youth unemployment rate was 14.5% in the EU and 14.4% in the euro area, respectively up from 14.4% and stable compared with the previous month. Compared with January 2023, youth unemployment increased by 22 thousand in the EU and by 2 thousand in the euro area. Compared with February 2022, youth unemployment increased by 173 thousand in the EU and by 125 thousand in the euro area.

Unemployment by sex

In February 2023, the unemployment rate for women was 6.4% in the EU, stable compared with January 2023. The unemployment rate for men was 5.7% in February 2023, also stable compared with the previous month. In the euro area, the unemployment rate for women was 7.0%, down from 7.1% in January 2023. The unemployment rate for men was 6.2%, stable compared with the previous month.

Source: Eurostat
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