October 3, 2022
In August 2022, the euro area seasonally-adjusted unemployment rate was 6.6%, stable compared with July 2022 and down from 7.5% in August 2021. The EU unemployment rate was 6.0% in August 2022, also stable compared with July 2022 and down from 6.8% in August 2021. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 12.921 million men and women in the EU, of whom 10.966 million in the euro area, were unemployed in August 2022. Compared with July 2022, the number of persons unemployed decreased by 52 000 in the EU and by 30 000 in the euro area. Compared with August 2021, unemployment decreased by 1.682 million in the EU and by 1.358 million in the euro area.
Youth unemployment
In August 2022, 2.614 million young persons (under 25) were unemployed in the EU, of whom 2.136 million were in the euro area. In August 2022, the youth unemployment rate was 13.8% in the EU, stable compared with the previous month, and 13.9% in the euro area, down from 14.0% in July 2022. Compared with August 2021, youth unemployment decreased by 293 thousand in the EU and by 234 thousand in the euro area.
Unemployment by sex
In August 2022, the unemployment rate for women was 6.4% in the EU, stable compared with July 2022. The unemployment rate for men was 5.7% in August 2022, also stable compared with the previous month. In the euro area, the unemployment rate for women was 7.0% and the unemployment rate for men was 6.2%, both stable compared with the previous month.
Additional labour market indicators
The estimates in this News Release are based on the globally used International Labour Organisation (ILO) standard definition of unemployment, which counts as unemployed people without a job who have been actively seeking work in the last four weeks and are available to start work within the next two weeks. To capture in full the unprecedented labour market situation triggered by the COVID-19 outbreak, the data on unemployment have been complemented by additional indicators, e.g. underemployed part-time workers, persons seeking work but not immediately available and persons available to work but not seeking, released together with LFS data for the second quarter of 2022.
Source: Eurostat
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