Unemployment rates at their lowest everywhere in Europe
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This exceptional dynamic would be due to European coordination during the health crisis. The disparities between countries are largely due to youth employment rates.
Despite an economic context overshadowed by the war in Ukraine and soaring inflation, unemployment is falling across Europe with a historically low average for the eurozone at 6.6% at the end of June, according to Eurostat data. Weighed down by its demographics, Germany hit a low of 2.8%, a rate slightly higher than that of the Netherlands, Poland and the Czech Republic.
Among the countries of the North, Sweden is a bad student, with a level of 7.6%. The countries of the South, not to change, are lagging behind: 12.6% of Spaniards are actively looking for work, ie 0.3 points more than the Greeks and 4.5 than the Italians.
The generalization of apprenticeship and the level of employment of young people are largely responsible for the disparities between European countries. “Apprenticeship has been extremely widespread in Germany for a very long time”, analyzes John Plassard, director at the Swiss banking group Mirabaud & Cie. Combined with its declining demographics…
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