Austria remains in the upper midfield with an unemployment rate of 5.7 percent
The situation on the labor market in the euro zone and the European Union did not change in January 2020 compared to the previous month. As in December 2020, the seasonally adjusted unemployment rate in the euro zone was 8.1 percent in January 2021, the Eurostat statistics office announced on Thursday. Austria – once the EU front runner – was again in the upper midfield with 5.7.
The unemployment rate in the EU also remained unchanged in January 2021 compared to the previous month at 7.3 percent. In January 2021, around 16 million men and women were unemployed in the EU, around 13 million of them in the euro area. Compared with December 2020, the number of unemployed rose by 29,000 in the EU and by 8,000 in the euro area. Compared with January 2020, the number of unemployed increased by 1.47 million in the EU and by 1 million in the euro area.
According to the international survey method, the lowest unemployment rate in the EU was recorded in Poland with 3.1 percent, the highest in Spain with 16 percent. Austria was in the upper midfield with 5.7 percent. No data were available for Estonia, Greece, Italy, Romania and Finland.
Youth unemployment in the EU and the euro zone also remained almost unchanged compared to the previous month. In the EU, it was 16.9 percent in January 2021, as in December 2020, and in the euro zone it fell by 0.1 percentage points to 17.1 percent. The lowest youth unemployment rate was recorded in Germany with 6.2 percent, followed by the Netherlands with 9.1 percent and Austria with 9.7 percent. Spain brought up the rear with around 40 percent.
