Euro Area: Unemployment rate dips in March

Euro Area Unemployment March 2023

Euro Area: Unemployment rate dips in March

The seasonally adjusted unemployment rate fell to 6.5% in March from 6.6% in February.

Twelve economies saw their unemployment rates decrease in March, including France, Germany, Italy and Spain. Meanwhile, six economies had stable unemployment rates, including the Netherlands, while two economies saw their unemployment rates increase.

Significant disparities in labor market conditions between core and periphery countries persist. Spain (12.8%) and Greece (10.9%) are the economies with the highest unemployment rates. At the other end of the spectrum, Germany (2.8%) and Malta (2.9%) have the lowest unemployment rates.

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