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EU unemployment rate rises to 7.6 percent in October

According to Eurostat, the number of unemployed fell by 91,000 month-on-month in the 27-member bloc in the shadow of the pandemic.

The EU’s unemployment rate hit 7.6% in October, the bloc’s statistical office announced Wednesday.

Compared to September, the number of unemployed in the EU fell by 91,000, Eurostat said.

UNEMPLOYMENT IN THE EU ROSE ANNUALLY BY 2.1 MILLION

Yet the unemployment rate was up from 6.6% a year earlier, in October 2019, reflecting the continued economic fallout from the COVID-19 pandemic.

The youth unemployment rate in the EU in October was 17.5%, up from 17.4% the previous month.

In October youth unemployment rose by 404,000 in EU member states compared to the same month last year.

The unemployment rate for women was 8%, while for men it was 7.2%.​​​​​​​

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