September 6, 2022
In July 2022, the euro area seasonally-adjusted unemployment rate was 6.6%, down from 6.7% in June 2022 and from 7.7% in July 2021. The EU unemployment rate was 6.0% in July 2022, down from 6.1% in June 2022 and from 6.9% in July 2021. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 12.959 million men and women in the EU, of whom 10.983 million in the euro area, were unemployed in July 2022. Compared with June 2022, the number of persons unemployed decreased by 113 000 in the EU and by 77 000 in the euro area. Compared with July 2021, unemployment decreased by 1.854 million in the EU and by 1.576 million in the euro area.
Youth unemployment
In July 2022, 2.630 million young persons (under 25) were unemployed in the EU, of whom 2.173 million were in the euro area. In July 2022, the youth unemployment rate was 14.0% in the EU and 14.2% in the euro area, down from 14.2% and 14.4% respectively. Compared with June 2022, youth unemployment decreased by 55 thousand in the EU and by 35 thousand in the euro area. Compared with July 2021, youth unemployment decreased by 329 thousand in the EU and by 244 thousand in the euro area.
Unemployment by sex
In July 2022, the unemployment rate for women was 6.4% in the EU, stable compared with June 2022. The unemployment rate for men was 5.7% in July 2022, also stable compared with the previous month. In the euro area, the unemployment rate for women decreased from 7.1% in June 2022 to 7.0% in July 2022, while the unemployment rate for men remained stable at 6.3%.
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 first quarter of 2022. LFS data for the second quarter of 2022 will be released on 4 October 2022.
Source: Eurostat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
