06/04/2021 14:57
In February 2021, the euro area seasonally-adjusted unemployment rate was 8.3%, stable compared with January 2021 and up from 7.3% in February 2020. The EU unemployment rate was 7.5% in February 2021, also stable compared with January 2021 and up from 6.5% in February 2020. These figures are published by Eurostat, the statistical office of the European Union.
In Cyprus unemployment in February 2021 was stable compared to January at 6.8% (31 000 individuals, 7.6% for males and 5.9% for females) while a year earlier it was 6.1% (27 000 individuals, 6.2% for males and 6.0% for females). Youth unemployment in Cyprus was 20.1 (7000 individual) in December 2020 (latest available data). In Greece unemployment was 15.8% and youth unemployment 34.2% both in December 2020 (latest available data).
Eurostat estimates that 15.953 million men and women in the EU, of whom 13.571 million in the euro area, were unemployed in February 2021. Compared with January 2021, the number of persons unemployed increased by 34 000 in the EU and by 48 000 in the euro area. Compared with February 2020, unemployment rose by 1.922 million in the EU and by 1.507 million in the euro area.
In February 2021, 2.967 million young persons (under 25) were unemployed in the EU, of whom 2.394 million were in the euro area. In February 2021, the youth unemployment rate was 17.2% in the EU and 17.3% in the euro area, compared with 17.4% in both areas in the previous month. Compared with January 2021, youth unemployment decreased by 34 000 in the EU and by 9 000 in the euro area. Compared with February 2020, youth unemployment increased by 230 000 in the EU and by 177 000 in the euro area.
In February 2021, the unemployment rate for women was 7.9% in the EU, stable compared with January 2021. The unemployment rate for men was 7.1% in February 2021, also stable compared with January 2021. In the euro area, the unemployment rate for women increased from 8.7% in January 2021 to 8.8% in February 2021 and the unemployment rate for men remained stable at 7.9%.