July 3, 2021
1 min read

Eurozone jobless rate drops to 7.9%

For both the eurozone and the EU, the rates were still higher than a year ago…reports Asian Lite News.

The 19-member eurozone’s unemployment rate fell to 7.9 per cent in May from 8.1 per cent in April, the European Union’s (EU) statistical bureau Eurostat said.

In the EU, the unemployment rate was 7.3 per cent in May, declining 0.1 percentage point over a month, Xinhua news agency quoted the bureau as saying on Thursday.

About 15,278 million people were unemployed in the EU in May, 382,000 less than in April. In the eurozone, 12,792 million people were unemployed in May, a decrease of 306,000 from April.

For both the eurozone and the EU, the rates were still higher than a year ago.

In May 2020, the unemployment rate in the eurozone stood at 7.5 per cent and in the EU at 6.9 per cent.

People wearing masks walk on the Trocadero Place near the Eiffel Tower in Paris, France (Xinhua/Gao Jing/IANS)

Greece and Spain were the countries most affected by unemployment in May, with rates reaching 15.4 per cent and 15.3 per cent, respectively.

While Germany, the Czech Republic, Poland, Malta, the Netherlands and Hungary all registered unemployment rates below 4 per cent.

The overall evolution of the unemployment rate in the eurozone and the EU has followed the development of the economic changes induced by the Covid-19 pandemic.

Unemployment rose sharply in the second quarter of 2020, when hard lockdowns were implemented.

It decreased in summer last year, as economies reopened partially; rose again in autumn during the second Covid-19 wave; and stabilised in the winter.

The decrease in unemployment in May this year corresponded to the reopening of economies as the vaccination campaigns across Europe were well underway.

ALSO READ-Unemployment on the rise in Eurozone

READ MORE-Merkel hits back at opponents of Eurozone reform

Previous Story

Trial Run Success, Banihal-Qazigund Tunnel To Open Soon

Next Story

IAF chief, CDS take separate stance on theatre command

Latest from -Top News

UK MPs Slam Pakistan Over Minority Abuses

Minority communities such as Shias, Christians, Hindus, and Ahmadis continue to face harassment, violence, and intimidation. In many cases, law enforcement either turns a blind eye or enables the attacks through inaction…reports

Words Won’t Stop China, Quad Must Deliver

 If the Quad aims to counterbalance China’s growing influence, it must expand its focus beyond the maritime domain and address the continental dynamics of the Indo-Pacific…writes Imran Khurshid Despite early concerns that

India Stays Neutral on Dalai Lama Succession

As exiled Tibetan spiritual leader approaches his 90th birthday, he asserted on Wednesday that there will be the 15th reincarnation…reports Asian Lite News Responding to the Dalai Lama’s recent remarks, India on

USAID cut could kill 14 million more deaths

Human rights advocates and global health experts have expressed alarm at the speed and scale of the cuts…reports Asian Lite News A new study published in The Lancet has warned that ongoing

Trump goes nuclear on Mamdani

Mamdani, a 33-year-old democratic socialist and son of Indian-Ugandan immigrants, secured a surprise victory over former governor Andrew Cuomo in the Democratic primary.;…reports Asian Lite News President Donald Trump has intensified his
Go toTop

Don't Miss

Eurozone falls into recession

Europe’s economy has been hit by the economic disruption caused

Eurozone GDP up 0.3% in Q2

In the first quarter of 2024, GDP had also grown