World, As Seen from the most beautiful islands: Ireland and Cyprus

February unemployment report does not reflect virus voes


Unemployment in the eurozone declined slightly in February, reaching 7.3 percent. This is reported by the European statistics agency Eurostat. This brings unemployment to its lowest level since March 2008. In January, 7.4 percent of the European labour force was still unemployed.

The consequences of the corona crisis have not yet been included in the figures. In many countries, all kinds of restrictions only started in March, when the necessary unemployed will probably also be added.

Over 12 million people were unemployed in the euro area, according to Eurostat. Unemployment was measured at 6.5 percent for the entire European Union. That amounts to just under 14 million unemployed. The lowest unemployment in the EU was measured in the Czech Republic.

In addition, some 2.3 million young people were unemployed in the euro zone. In all EU countries, more than 2.7 million people under the age of 25 were unemployed.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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