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EU unemployment rate improves to 5.9% in September

EU unemployment rate improves to 5.9% in September

November 1, 2024
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The euro area seasonally-adjusted unemployment rate was 6.3% in September 2024, down from 6.6% in September 2023. The EU unemployment rate was 5.9% in September 2024, down from 6.1% in September 2023, according to Eurostat, the statistical office of the European Union.

On a month-on-month basis, the euro area seasonally-adjusted unemployment rate was stable compared with August 2024 and the EU unemployment rate was also stable compared with August 2024.

Eurostat estimates that 13.042 million persons in the EU, of whom 10.884 million in the euro area, were unemployed in September 2024.

Compared with August 2024, unemployment increased by 61,000 in the EU and by 13,000 in the euro area. When compared with September 2023, unemployment decreased by 226,000 in the EU and by 330,000 in the euro area.

The highest unemployment rate was seen in Spain at 11.2% in September 2024. The lowest was in Czechia at 2.8%.

In September 2024, 2.86 million young persons (under 25) were unemployed in the EU, of whom 2.28 million were in the euro area. In September 2024, the youth unemployment rate was 14.8% in the EU, up from 14.5% in August 2024, and 14.4% in the euro area, up from 14.3% in the previous month.

When compared with September 2023, youth unemployment decreased by 16,000 in the EU and by 68,000 in the euro area. When compared with August 2024, the youth unemployment increased by 44,000 in the EU and by 10,000 in the euro area.

Meanwhile, the unemployment rate for women was 6.1% in the EU, stable compared with the previous month, and down from 6.4% in September 2023. The unemployment rate for men was 5.8%, up from 5.7% in August 2024 and unchanged from September 2023.

In the euro area, the unemployment rate for women was 6.5%, stable compared with the previous month and down from 6.9% in September 2023. The unemployment rate for men was 6.1%, also stable compared with August 2024 and down from 6.2% in September 2023.