👩‍🏭 EU reaches lowest unemployment level in decades

• EU unemployment has dropped from 11.3 percent in 2013 to 6 percent in 2023, the lowest level in several decades.
• Youth unemployment in the EU decreased to 15 percent in December 2024, down from 15.2 percent in November.
• Total unemployment in the EU decreased by 261,000 people during 2024 compared to the previous year.

Unemployment halved in ten years

The EU has achieved a historic reduction in unemployment over the past decade. Statistics from the International Labour Organization show that the unemployment rate has fallen from 11.3 percent in 2013 to 6 percent in 2023. This development represents the lowest unemployment level measured in the EU in several decades.

New figures from Eurostat show that youth unemployment continues to decrease. In December 2024, youth unemployment in the EU fell to 15 percent, an improvement from November when the figure was 15.2 percent. This corresponds to a decrease of 38,000 young unemployed in just one month.

Strong labor market in the eurozone

Within the eurozone, which comprises 20 member states, unemployment has decreased by 266,000 people during 2024 compared to the previous year. Total unemployment in December 2024 was 6.3 percent, a significant decrease from 6.5 percent in December 2023.

Statistics show that the EU labor market has created many new job opportunities. During 2024, the number of unemployed in the EU decreased by 261,000 people compared to the previous year. In absolute terms, this means that 12.978 million people were unemployed in the EU in December 2024, while the figure for the eurozone was 10.830 million people.

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