By Deirdre Tynan •
Published: 05 Oct 2021 • 11:15
European Commission urges member states to act on 'Golden Passports'.
Image: Council of Europe
In August 2021, the Euro area seasonally-adjusted unemployment rate was 7.5 per cent, down from 7.6 per cent in July 2021 and from 8.6 per cent in August 2020.
The EU unemployment rate was 6.8 per cent in August 2021, down from 6.9 per cent in July 2021 and from 7.7 per cent in August 2020.
Eurostat estimates that 14.469 million men and women in the EU, of whom 12.162 million in the euro area, were unemployed in August 2021. Compared with July 2021, the number of persons unemployed decreased by 224,000 in the EU and by 261,000 in the euro area. Compared with August 2020, unemployment decreased by 1.965 million in the EU and by 1.861 million in the Euro area.
In August 2021, 2.833 million young persons (under 25) were unemployed in the EU, of whom 2.317 million were in the euro area. In August 2021, the youth unemployment rate was 16.2 per cent in the EU and 16.4 per cent in the euro area, down from 16.4 per cent and 16.7 per cent respectively in the previous month. Compared with July 2021, youth unemployment decreased by 66,000 in the EU and by 63 000 in the euro area. Compared with August 2020, youth unemployment decreased by 508,000 in the EU and by 471 000 in the Euro area.
Euro area includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU includes all 27 members of the bloc.
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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
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