No more room for doubt, Europe has been experiencing a real economic rebound since last spring. The unemployment rate in the euro zone reached its lowest level in twenty-four years in December 2021, i.e. 7% of the active population. An increase of 0.1% compared to last November.
For the European Union as a whole, unemployment also reached a historic low of 6.4%, its lowest level since the start of the statistical series in January 2000. The lowest unemployment rates for 19 countries sharing the single currency as for the 27-member EU, dated back to March 2020, with 7.2% and 6.5% respectively, according to Eurostat figures.
Compared to December 2020, the number of unemployed fell by 2.20 million people in the EU and by 1.83 million in the euro area.