Eurostat, the EU’s statistics office, has claimed more than 15 million men and women were out of work in June, a 0.1 percent jump from the previous month. The official unemployment rate across the bloc was 7.1 percent, but in its 19-member single currency area the rate was 7.8 percent.A total of 12.7 million people were unemployed in the eurozone last month, an increase of 203,000 from May.And youth unemployment continues to blight the EU with more than 2.9 million under 25s out of work, 2.4 million of whom were in the euro area.In June 2020, the youth unemployment rate was 16.8 percent in the EU and 17 percent in the Eurozone.The month-on-month increase is much higher, with a jump of 0.6 percent in the EU and 0.5 percent in the eurozone.Europe is facing its deepest recession since the end of World War 2.According to the latest figures released by the Office for National Statistics, UK unemployment is currently at 3.9 percent.But a think-tank has warned that number could increase to 10 percent when the Government ends its furlough schemeThe National Institute for Economic and Social Research has warned unemployment would rise above three million, its highest rate since the early 1990s.Garry Young, the think-tank’s deputy director, said: “The planned closure of the furlough seems to be a mistake, motivated by an understandable desire to limit spending. newspaper archive.EU faces another increase in unemployment due to coronavirus crisis Ursula von der Leyen is the European Commission's President Europe crisis: Top economist warns of ‘monster recession' aheadGermany warned bloc is in danger of complete COLLAPSE'Unemployment in the European Union is currently 7.1 percent EU rescue fund PANNED as Italy already facing crisisEurozone crisis: Study sparks fears for EU's coronavirus recovery'Italexit could DESTROY eurozone' Experts' stark warning to EUEU delays Brexit talks by refusing to engage on UK fisheries plans Euro Area: Unemployment rate inches up in June, again held down by massive short-time work schemes July 30, 2020 Labor market conditions in the common currency block worsened again in June, when Covid-19 containment measures started being loosened, although data released by Eurostat continues to show just a small portion of the deterioration. order back issues and use the historic Daily Express Eurostat estimates that 14.14 million people in the EU, of whom 12.16 million are in the euro area, were unemployed as of March 2020. The ANZ-Roy Morgan consumer confidence indicator dipped to 104.3 in July from June’s 104.5, suggesting the rebound in confidence could be over. The EU unemployment rate was 6.6 percent in March, up from 6.5 percent in February. The … Czechia and Poland are the only states with an unemployment rate below three percent. The number of unemployed people jumped by 203,000, and the unemployment rate increased to 7.8% in June from 7.7% in May. Please see our The number of people unemployment has continued to jump with millions of people out of work despite most member states easing their coronavirus lockdown measures. We will use your email address only for sending you newsletters. Euro zone unemployment rate climbed to 7.4% in May as economies unwound lockdown measures Published Thu, Jul 2 2020 5:01 AM EDT Updated Thu, Jul 2 2020 … Unemployment rate inches up in June, again held down by massive short-time work schemes The current crisis has now pushed the EU into the deepest recession in its history and unemployment rates are set to spike. France also benefits beyond the country size issue, because even though it had a higher unemployment rate than the EU average in 2015-2019, its unemployment rate indicator was subject to the 0.75 cap applied for higher income countries. Jun 10, 2020. EU and US Unemployment Rates, April 2020. "The scheme has been an undeniable success in terms of keeping furloughed employees attached to their jobs. Harmonized inflation rose to 0.4% in July from June’s 0.3%, according to a flash estimate released by Eurostat on 31 July. The U.S. unemployment rate is growing at a much higher rate than Europe’s, despite the multi-billion dollar Paycheck Protection Program enacted by …

In the euro area, unemployment could hit almost 10% by the end of the year as the economy slumps, according to a Bloomberg survey. The Euro area economy collapsed at a record-breaking pace in the second quarter as severe shutdowns closed businesses and hammered the labor market.

File photo. News Service 12:57 July 30, 2020 AA. While the overall EU unemployment rate in May went up by just 0.1% point on the month to 6.7% – a modest rise thanks to furlough and short-time work schemes - unemployment … The euro area seasonally-adjusted unemployment rate was 7.4 percent, up from 7.3 percent in February. A rebound in growth in 2021 won’t be enough to reverse the damage.

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