Unemployment Rate Started to Decline Already in May
Skerdian Meta • 1 min read
The unemployment rate has been declining in Europe for years now, but with the coronavirus spreading and the lock-downs, the unemployment rate jumped higher in many countries across the globe. In the US unemployment rate jumped above 15%, heading towards 20% in March and April.
Although, it didn’t move much in Europe in April. It was expected to jump higher that month but it didn’t/ The same situation was for May, with unemployment expected at 7.7%, but it came at 7.4%. Below is the unemployment and the PPI reports.
May Unemployment Report
- May unemployment rate 7.4% vs 7.7% expected
- April unemployment rate 7.3%
A person aged between 15 to 74 years who are without work, are available to start work within the next two weeks and have actively sought employment at some time during the previous four weeks.
Latest PPI Report Released by Eurostat – 2 July 2020
- May PPI MoM -0.6% vs -0.4% expected
- April PPI MoM -2.0%
- PPI YoY -5.0% vs -4.5% expected
- April PPI YoY -4.5%