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Unemployment up to 10.2% in May 2020

02/07/2020 14:58

In May 2020 the euro area seasonally-adjusted unemployment rate was 7.4%, up from 7.3% in April 2020. The EU unemployment rate was 6.7% in May 2020, up from 6.6% in April 2020. These figures are published by Eurostat, the statistical office of the European Union. Eurostat estimates that 14.366 million men and women in the EU, of whom 12.146 million in the euro area, were unemployed in May 2020. Compared with April 2020, the number of persons unemployed increased by 253 000 in the EU and by 159 000 in the euro area.

In May 2020, 2.815 million young persons (under 25) were unemployed in the EU, of whom 2.267 million were in the euro area. In May 2020, the youth unemployment rate was 15.7% in the EU and 16.0% in the euro area, up from 15.4% and 15.7% respectively in the previous month. Compared with April 2020, youth unemployment increased by 64 000 in the EU and by 42 000 in the euro area.

In Cyprus unemployment increased to 10.2% in May (9.7 for men and 10.8% for women, 47 000 individuals), up from 8.9% in April 2020 (41 000 individuals). The latest available figure for youth unemployment is 13.4% for March 2020 (5000 individuals).

For Greece the latest available figure is 14.4% for March 2020 (654 000 individuals) down from 15.9% in February 2020 (733 000 individuals), 32.4% for youth unemployment (67 000 individuals).

In May 2020, the unemployment rate for women was 7.2% in the EU, up from 6.9% in April 2020. The unemployment rate for men was 6.4% in May 2020, stable compared with April 2020. In the euro area, the unemployment rate for women increased from 7.7% in April 2020 to 7.9% in May 2020 while it remained stable at 7.0% for men.