X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

EU unemployment rate rises to 6.6% in April 20

Almost 400,000 people lost their jobs in the European Union in April, raising the unemployment rate in the 27-country alliance by 0.2 percentage points after most European countries imposed coronavirus containment measures.

The European Union's official statistics agency reported that unemployment stood at 6.6% in April, up from 6.4% in March 2020.

Luxembourg-based Eurostat saw a similar rate of increase in the Eurozone currency area - a 19-country group - where joblessness rose to 7.3% in April, a 0.2 percentage point increase from 7.1% recorded in March.

The Eurozone has seen a long period of falling unemployment following a peak of more than 12% in 2012, though the number of people out of work differs greatly from country to country. Greece, Italy and Spain all face stubborn labour market issues, particularly affecting younger people.

If you want to read more news subscribe

subscribe