Euro Area Jobless Rate Improves

The Euro area seasonally adjusted unemployment rate was 6.4% in April 2024, down from 6.5% in April 2023. The EU unemployment rate was 6.0% in April 2024, stable compared to April 2023, according to data from Eurostat, the statistical office for the European Union. When compared to the prior month, April’s Euro area seasonally adjusted unemployment rate was down from 6.5% in March 2024. The EU unemployment rate was stable compared to March 2024. Eurostat estimates that 13.149 million persons in the EU, of whom 10.998 million in the Euro area, were unemployed in April 2024. When compared with April 2023, unemployment increased by 95,000 in the EU and decreased by 101,000 in the Euro area. When compared with March 2024, unemployment decreased by 103,000 in the EU and by 100,000 in the Euro area. By country, the highest rate was seen in Spain (11.7%), followed by Greece (10.8%). Source: ‘Staffing Industry Analysis’