Eurozone unemployment plunged to record lows in January as the economy continued to bounce back from the pandemic-induced slump.
- Unemployment in the 19 countries sharing the euro fell to 6.8% of the total workforce in January from 7.0% reported in December. Economists surveyed by Reuters had expected a reading of 6.9%.
- Eurostat stated that 11.225 million people were unemployed in January, down from 11.439 million the month before.
- The unemployment rate for women was 6.5% in the EU, slightly lower than 6.6% in December 2021. The unemployment rate for men was 6.0% in January 2022, dropping from 6.1% in December 2021.
In the Eurozone, the employment rate for women fell from 7.2% in December 2021 to 7.1% in January 2022 as the unemployment rate for men dropped from 6.7% to 6.6%.
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