Eurozone: The unemployment rate remains at its lowest

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The unemployment rate for this April remains at its lowest, at 6.8%.

The labor market has benefited from the strong rebound in the European economy that began in the spring of 2021, after the recession linked to the Covid-19 pandemic.

For the entire EU, the unemployment rate also hit a historic low of 6.2% in April.

The war in Ukraine, which is already starting to penalize activity, casts a shadow over the outlook for the coming months, as growth forecasts in Europe have been drastically revised downward while inflation soars. However, the consequences are not yet visible in the employment figures.

Year-on-year, in April, the unemployment rate fell by 1.4 points in the eurozone and by 1.3 points in the EU.

In the EU, the highest unemployment rates in April were recorded in Spain (13.3%), Greece (12.7%), and Italy (8.4%). In France, 7.2% of the labor force was unemployed, according to harmonized data from Eurostat. The Czech Republic (2.4%), Germany (3%), and Poland (3%) had the lowest rates of unemployed people.

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