February 25, 2021

Spain, among the EU countries where unemployment fell the most in the last year


The Spanish stop has suffered the greatest year-on-year decline in the entire European Union, as reported by the office of community statistics, Eurostat. Thus, the unemployment rate in Spain was at 13.6% during May, a fall of 1.8 percentage points compared to 15.4% registered in the same month of 2018.

In absolute terms, the number of unemployed in Spain went from 3.51 million people to 3.13 million between May of last year and the same month of 2019.

As for the rest of the countries, the data of Greece published on Monday by Eurostat, belonging to March, they overcome the Spanish setback, because unemployment in the Hellenic country went from 20.2% in the third month of last year to 18.1% in March 2019 (2.1 points less). Y Cyprus it also recorded a year-on-year fall in May of 1.8 points (from 8.3% to 6.5%).

The lowest unemployment rates in the fifth month of 2019 were registered in the Czech Republic (2.2%), Germany (3.1%) and Holland (3.3%). Compared to the previous year, the rate fell in 23 Member States, remained stable in Austria and increased in Denmark (from 5% to 5.1%), Luxembourg (from 5.6% to 5.7%), Poland (from 3 , 7% to 3.8%) and Sweden (from 6.2% to 6.3%).

Despite the year-on-year decline, the Spanish unemployment rate in the fifth month of this year was the second highest of the Twenty-eight, second only to Greece (18.1% in March), and ahead of Italy (9.9% in May). Compared to April 2019, the indicator in Spain fell by two tenths of a percentage point, from 13.8% to 13.6%.

At Eurozone set, the unemployment rate fell one tenth in May compared to April and stood at 7.5%, while throughout the European Union also fell one tenth to 6.3% during the fifth month of the year.

The figure in the nineteen countries that share the single currency is the minor since July 2008, while that of the Twenty-eight is the lowest since the beginning of the Eurostat monthly series in January 2000. Unemployment had stood at 8.3% in May of 2018 in the euro area and in the euro area. 6.9% in the entire community club.

Eurostat estimates that 15.65 million men and women were unemployed in the fifth month of 2019 throughout the European Union, of which 12.34 million resided in the countries of the common currency.

Compared with April 2019, the number of unemployed fell by 71,000 people in the Twenty-eight and at 103,000 in the nineteen euro partners.

In year-on-year terms, unemployment fell between May 2018 and 2019 in 1.27 million individuals in the EU and 1.13 million in the Eurozone.

Once again, the European Union and the Eurozone maintained the youthful gap, because unemployment among those under 25 years of age continued to double overall statistics in both the Twenty-eighth (14.3%) and the euro area (15.7%), compared to the respective 15.1% and 17% of May 2018. The lowest percentages were detected in Germany (5.1%) and the Netherlands (6.3%), in contrast to the highest percentages in Greece (40.4% in March), Spain (31.7%) and Italy (30.5%).

Also the gender gap, because in the eurozone 7.1% of men were unemployed compared to 8% of women, while in the Twenty-eight the indicator was 6.1% among men and 6.6% among women . In Spain the difference was greater, since 11.9% of men did not have work, a figure that increased up to 15.6% among women.

From the European Comission, stress the fact that the EU unemployment rate is the lowest recorded during the 21st century, and also stressed that youth unemployment continues to fall "in most of the Member States". "We must continue on this path," they said.

. (tagsToTranslate) Spain (t) fallen (t) stoppage

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