Euro area's unemployment rate drops to 6.5% in Apr 2023

03 Jun '23

2 min read

Pic: Shutterstock/Anton Chalakov

Insights

Unemployment in the euro area fell to 6.5 per cent in April 2023; the EU's rate remained stable at 6 per cent.
Around 13.028 million people were unemployed in the EU, with a decrease of 18,000 from March 2023.
The youth unemployment rate was 13.8 per cent in the EU, down from 14 per cent; female unemployment was stable at 6.3 per cent in the EU.

In April 2023, the euro area’s seasonally adjusted unemployment rate was 6.5 per cent, down from 6.6 per cent in March 2023 and from 6.7 per cent in April 2022, as per the Eurostat. The European Union’s (EU) unemployment rate was 6.0 per cent in April 2023, stable compared with March 2023 and down from 6.1 per cent in April 2022.

It is estimated that around 13.028 million persons in the EU, of whom 11.088 million in the euro area, were unemployed in April 2023. Compared with March 2023, unemployment decreased by 18,000 in the EU and by 33,000 in the euro area. Compared with April 2022, unemployment decreased by 212,000 in the EU and by 203,000 in the euro area, Eurostat, the statistical office of the EU, said in a press release.

In April 2023, 2.664 million young persons (under 25) were unemployed in the EU, of whom 2.206 million were in the euro area. In April 2023, the youth unemployment rate was 13.8 per cent in the EU and 13.9 per cent in the euro area, both down from 14.0 per cent in the previous month. Compared with March 2023, youth unemployment decreased by 28,000 in the EU and by 8,000 in the euro area. Compared with April 2022, youth unemployment decreased by 17,000 in the EU and by 8,000 in the euro area.

In April 2023, the unemployment rate for women was 6.3 per cent in the EU, stable compared with March 2023. The unemployment rate for men was 5.8 per cent in April 2023, up from 5.7 per cent in the previous month. In the euro area, the unemployment rate for women was 6.9 per cent, stable compared with March 2023. The unemployment rate for men was 6.2 per cent, also stable compared with the previous month.

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