For the European Union as a whole, unemployment also reached a historic low, at 6.4%.
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An improvement for European employment. The unemployment rate in the euro zone reached its lowest level in twenty-four years in December, at 7% of the working population, down 0.1 point compared to November, Eurostat announced on Tuesday February 1st.
Euro area #unemployment at 7.0% in December, EU at 6.4% https://t.co/mz6nBxGYHf pic.twitter.com/BoG6hcw5l6
— EU_Eurostat (@EU_Eurostat) February 1, 2022
The rebound of the European economy since spring 2021, after the shock linked to the Covid-19 pandemic, has led to an improvement in the labor market, to the point of bringing unemployment to its lowest level since April 1998, the start of the series compiled by the European Statistical Office. For the European Union as a whole, unemployment also reached a historic low, at 6.4%, the lowest figure since this series began in January 2000.
Some 13.61 million men and women were unemployed in the EU in December, including 11.48 million in the eurozone. The improvement is very clear over one year. Compared to December 2020, the number of unemployed fell by 2.2 million people in the EU and by 1.83 million in the euro area.