It remains the country with the highest unemployment rate in the EU, at 13.5%, double the community average, although it is already below pre-pandemic levels
Europe has managed to push its unemployment rate to an all-time low, falling to 6.2% last March, a tenth less than February and the lowest level in the whole series, dating back to April 1998, according to data released this Tuesday. are published by the Eurostat Community Agency.
The same record extends to the eurozone, where the unemployment rate also fell by a tenth to 6.8%, the lowest level for at least the past 24 years. And this good data is being achieved despite the fact that the past two years have been very difficult for the global economy due to the pandemic. In fact, the unemployment rate in the eurozone has already managed to fall six-tenths below its pre-covid-19 level, as the unemployment rate among eurozone countries stood at 7.4% in February 2020.
But not in Spain, which remains the European country with the most unemployment. It is true that it has also managed to fall below pre-pandemic levels by cutting the rate to 13.5%, almost three points less since the peak of the coronavirus. But it will at least double the European unemployment rate and remain a long way from the minimum level recorded in 2007, when unemployment fell below 8%.
Similarly, Spain remains at the forefront of youth unemployment in Europe. So if the unemployment rate in the eurozone and the EU as a whole was 13.9% for people under 25 in March, then in Spain it has practically tripled to 29.6%, compared to 27.2% in Greece and 24.5 % from Italy.
In March 2022, there were 3,164 million unemployed in Spain, of whom 479,000 were under the age of 25. In Europe, the European Statistical Office estimates that 13.374 million people were unemployed, 2.579 million of which were young people.
After Spain, the highest unemployment rate of the twenty-seven was recorded in Greece, at 12.9%; and Italy, with 8.3%. On the contrary, the lowest unemployment rates were observed in the Czech Republic (2.3%), Germany (2.9%) and Poland and Malta (both at 3%).
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
