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Unemployment rate in EU countries July 2020

The statistic reflects the seasonally adjusted unemployment rate in member states of the European Union in July 2020. The seasonally adjusted unemployment rate in Spain in July 2020 was 15.8 percent.
The unemployment rate represents the share of the unemployed in all potential employees available to the job market.

Unemployment rates in the EU

The unemployment rate is an important measure of a country or region’s economic health, and despite unemployment levels in the European Union falling slightly from a peak in early 2013 , they remain high, especially in comparison to what the rates were before the worldwide recession started in 2008. This confirms the continuing stagnation in European markets, which hits young job seekers particularly hard as they struggle to compete against older, more experienced workers for a job, suffering under jobless rates twice as high as general unemployment.

Some companies, such as Microsoft and Fujitsu, have created thousands of jobs in some of the countries which have particularly dire unemployment rates, creating a beacon of hope. However, some industries such as information technology, face the conundrum of a deficit of qualified workers in the local unemployed work force, and have to hire workers from abroad instead of helping decrease the local unemployment rates. This skills mismatch has no quick solution, as workers require time for retraining to fill the openings in the growing science-, technology-, or engineering-based jobs, and too few students choose degrees that would help them obtain these positions.

Worldwide unemployment also remains high, with the rates being worst in the Middle East and North Africa. Estimates by the International Labour Organization predict that the problem will stabilize in coming years, but not improve until at least 2017.

Unemployment rate in member states of the European Union in July 2020

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Source

Release date

September 2020

Region

EU

Survey time period

July 2020

Special properties

Seasonally adjusted

Supplementary notes

* as of June 2020.
For Germany, the Netherlands, Austria, Finland and Iceland the trend component is used instead of the more volatile seasonally adjusted data.

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Statistics on "European Union"

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