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May 14, 2021

Eurozone unemployment rate at record high

The rate of unemployment in the eurozone hit a record high of 12 pc in February, official figures have shown, BBC informs. The number of people unemployed in the 17 member states rose by 33,000 during the month, to hit 19.07 million, the statistics agency Eurostat said. The highest rate was 26.4 pc in Greece, although the most recent figure for the country was from December. The jobless figures from Eurostat also showed that Spain’s unemployment rate hit 26.3 pc in February, while the rate in Portugal remained stable at 17.5 pc. The lowest rates were recorded in Austria (4.8 pc) and Germany (5.4 pc), both unchanged from January.

The overall rate for the eurozone in January was revised up from 11.9 pc to 12 pc. Across the 27 member states of the European Union, the unemployment rate rose to 10.9 pc, up from 10.8 pc the previous month.In Romania, the unemployment rate was estimated at 6.7 pc in February this year, up 0.1 percentage points from the previous month, but down 0.6 percentage points from the level recorded in the same period of 2012, National Institute of Statistics data show.

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