AGL 22.90 Decreased By ▼ -1.83 (-7.4%)
AIRLINK 103.99 Decreased By ▼ -7.11 (-6.4%)
BOP 5.36 Decreased By ▼ -0.18 (-3.25%)
CNERGY 3.86 Decreased By ▼ -0.04 (-1.03%)
DCL 8.02 Decreased By ▼ -0.43 (-5.09%)
DFML 39.10 Decreased By ▼ -3.15 (-7.46%)
DGKC 86.95 Decreased By ▼ -2.65 (-2.96%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 40.59 Decreased By ▼ -1.39 (-3.31%)
FFL 8.89 Decreased By ▼ -0.15 (-1.66%)
HUBC 153.50 Decreased By ▼ -8.70 (-5.36%)
HUMNL 10.65 Decreased By ▼ -0.70 (-6.17%)
KEL 4.55 Decreased By ▼ -0.23 (-4.81%)
KOSM 3.90 Decreased By ▼ -0.16 (-3.94%)
MLCF 37.50 Decreased By ▼ -1.45 (-3.72%)
NBP 49.00 Decreased By ▼ -1.60 (-3.16%)
OGDC 134.15 Decreased By ▼ -2.96 (-2.16%)
PAEL 26.15 Decreased By ▼ -2.40 (-8.41%)
PIBTL 6.07 Decreased By ▼ -0.18 (-2.88%)
PPL 116.79 Decreased By ▼ -6.01 (-4.89%)
PRL 23.55 Decreased By ▼ -0.75 (-3.09%)
PTC 12.90 Decreased By ▼ -0.84 (-6.11%)
SEARL 57.25 Decreased By ▼ -2.80 (-4.66%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 35.74 Decreased By ▼ -3.66 (-9.29%)
TPLP 8.50 Decreased By ▼ -0.26 (-2.97%)
TREET 15.68 Decreased By ▼ -0.52 (-3.21%)
TRG 56.40 Decreased By ▼ -3.60 (-6%)
UNITY 33.40 Decreased By ▼ -1.00 (-2.91%)
WTL 1.18 Decreased By ▼ -0.04 (-3.28%)
BR100 8,433 Decreased By -274.3 (-3.15%)
BR30 26,639 Decreased By -1159 (-4.17%)
KSE100 80,118 Decreased By -1722 (-2.1%)
KSE30 25,681 Decreased By -584.1 (-2.22%)
World

Eurozone unemployment stable, no jobs crisis for now

  • Youth unemployment in the eurozone, which has risen more sharply during the Covid crisis, edged lower to 17.3 percent, Eurostat said.
Published April 6, 2021

BRUSSELS: The level of unemployment in the eurozone did not change in February, official data showed on Tuesday, as national schemes to keep companies afloat held off the worst effects of the pandemic.

Eurostat, the EU's statistics agency, said unemployment was at 8.3 percent in the 19 countries that use the euro single currency, the same as a revised figure for January.

Youth unemployment in the eurozone, which has risen more sharply during the Covid crisis, edged lower to 17.3 percent, Eurostat said.

That still remained higher than a year before, just before a wave of lockdowns crushed the economy, when unemployment in the eurozone had stood at 7.4 percent, with youth unemployment at 15.4 percent.

Joblessness in Europe exploded in the spring of 2020, the result of a landmark recession as restrictions on movement kept people at home in many countries across the globe.

However, many national governments implemented EU-backed job guarantee schemes and other programmes that have so far averted a long-term shock on employment that many had feared.

The unemployment rate in the 27 countries of the European Union followed the same trend, standing at 7.5 percent in February, stable compared to January, but one percentage point higher than a year ago.

The Czech Republic and Poland had the lowest unemployment rates in the bloc, at just above three percent.

Germany, the EU's biggest economy and an industrial powerhouse, had an unemployment rate of 4.5 percent.

The highest rates were recorded in economies highly dependent on tourism such as Spain, at 16.1 percent, and Greece, where the latest data showed an unemployment rate of 15.8 percent in December.

Comments

Comments are closed.