Unemployment on the rise in Eurozone



The unemployment rate in the 19-member Eurozone area continued to spike in July, a month marked by relaxation of some COVID-19 containment measures in many European Union (EU) member states, according to official figures.

The figures released by Eurostat, the statistical office of the EU, on Tuesday, showed the seasonally-adjusted unemployment rate in the area was 7.9 percent in July, up from 7.7 percent the previous month, Xinhua news agency reported.

The unemployment rate in the whole EU area was 7.2 percent in July, higher than 7.1 percent in June, it added.

Among some 15.2 million unemployed in the EU, 2.9 million were aged under 25.

The youth unemployment rate was 17 percent in the EU and 17.3 percent in the euro area, up from 16.9 percent and 17.2 percent respectively in June, showing continued deterioration of the employment situation.

Among EU member states, the lowest unemployment rates in July were recorded in the Czech Republic at 2.7 percent, followed by Poland at 3.2 percent.

The highest unemployment rates were recorded in Spain at 15.8 percent, followed by Italy at 9.7 percent.

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