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January 09, 2024EU AND EURO AREA UNEMPLOYMENT RATE, NOVEMBER 2023
Eurostat has reported that the unemployment rate in the Euro Area had a slight decline to 6.4% in November 2023. For the broader 27 countries of the entire European Union, the unemployment rate declined to 5.9% in November 2023.
In November, youth unemployment rates edged down to 14.5% in the European Union and in the Euro Area. Unemployment rate for females in the European Union was 6.2% while the male unemployment rate was 5.7%. Euro Area unemployment rate for females was 6.8% in November 2023 while the Euro Area unemployment rate for males was 6.1%.
Among EU member state economies, the November unemployment rate was highest in Spain. Unemployment rates were lowest in Czechia, Malta, and Poland.
Source: Eurostat. Indicators; Unemployment News Release, Data
Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle
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