In March 2023, the euro area seasonally-adjusted unemployment rate was 6.5%, down from 6.6% in February 2023 and from 6.8% in March 2022. The EU unemployment rate was 6.0% in March 2023, stable compared with February 2023 and down from 6.2% in March 2022. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 12.960 million persons in the EU, of whom 11.010 million in the euro area, were unemployed in March 2023. Compared with February 2023, unemployment decreased by 155 thousand in the EU and by 121 thousand in the euro area. Compared with March 2022, unemployment decreased by 353 thousand in the EU and by 365 thousand in the euro area.
Youth unemployment
In March 2023, 2.763 million young persons (under 25) were unemployed in the EU, of whom 2.264 million were in the euro area. In March 2023, the youth unemployment rate was 14.3% both in the EU and in the euro area, down from respectively 14.5% and 14.4% in the previous month. Compared with February 2023, youth unemployment decreased by 33 thousand in the EU and by 14 thousand in the euro area. Compared with March 2022, youth unemployment increased by 105 thousand in the EU and by 91 thousand in the euro area.
Unemployment by sex
In March 2023, the unemployment rate for women was 6.3% in the EU, down from 6.4% in February 2023. The unemployment rate for men was 5.6% in March 2023, down from 5.7% in the previous month. In the euro area, the unemployment rate for women was 7.0%, down from 7.1% in February 2023. The unemployment rate for men was 6.1%, stable compared with the previous month.
Source: Eurostat
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