Unemployment Drops in Europe, But Youth and Regional Disparities Persist

Unemployment rates in Europe continued to decrease in November 2023, with the EU at 5.9% and euro area at 6.4%. However, youth unemployment remains a concern.

Luxembourg and Austria have the lowest unemployment rates in Europe, while job insecurity and low wages persist in Southern Europe countries like Portugal, Greece, Spain, and Italy despite drops in unemployment.

Microsoft is expanding cloud infrastructure in Europe, while GM is re-entering the European market with electric Cadillacs, impacting jobs.

The 17 countries with the highest unemployment rates in 2022 are listed, from 5.6% in Romania to 9.8% in Ukraine.

Top 5 highest unemployment rates in Europe are Serbia (8.7%), Italy (8.1%), Sweden (7.4%), France (7.3%), and Croatia (7.0%).