• Eurozone’s unemployment rate increases to 8.1 percent in August

Market news

1 October 2020

Eurozone’s unemployment rate increases to 8.1 percent in August

Eurostat, the statistical office of the European Union (EU), announced on Thursday an unemployment rate in the Eurozone edged up to 8.1 percent in August from an upwardly revised 8.0 percent in July (originally 7.9 percent). That was the highest rate since July 2018.

At the same time, the EU28 unemployment rate rose to 7.4 percent in August from 7.3 percent in July.

Among the Member States, the highest unemployment rates were observed in Spain (16.2 percent), Italy (9.7 percent) and Lithuania (9.6 percent).

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