Despite all the measures EU has been taking the unemployment rate is more or less the same as previous.
Euro area unemployment at 7.3%
In April 2020, the second month after COVID-19 containment measures were implemented by most Member States, the euro area seasonally-adjusted unemployment rate was 7.3%, up from 7.1% in March 2020. The EU unemployment rate was 6.6% in April 2020, up from 6.4% in March 2020. These figures are published by Eurostat, the statistical office of the European Union. Eurostat estimates that 14.079 million men and women in the EU, of whom 11.919 million in the euro area, were unemployed in April 2020. Compared with March 2020, the number of persons unemployed increased by 397 000 in the EU and by 211 000 in the euro area.In ... (full story)
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European jobless rate up modestly, Germany mulls stimulus
Europe’s unemployment rate ticked up modestly last month, contained by use of labor programs that have kept millions of workers on payrolls and as some people stopped looking for work, official data showed Wednesday. The jobless rate in the 19 countries that use the euro rose to 7.3% in April, the first full month when pandemic lockdowns hit the continent, from 7.1% in March, statistics agency Eurostat said Wednesday. Europe’s rise in unemployment has been moderate by international standards because employers are making extensive use of government-backed short-time work programs that allows them to keep employees ... (full story)