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Top 10 European Countries With The Highest Unemployment Rates, 2020

In 2019, one year before COVID-19 unemployment rates continued to vary widely across the EU’s 27 member states. In some countries, unemployment rates reached a really high percentage causing concern to governments. Of course, data won’t be satisfactory either at the end of 2020 due to the spread of coronavirus that has highly affected the economy and the labor market.

For example, March saw COVID-19 containment measures widely introduced in Europe. The euro area seasonally-adjusted unemployment rate was 7.4 percent, up from 7.3 percent in February. The EU unemployment rate was 6.6 percent in March, up from 6.5 percent in February.

Eurostat estimates that 14.14 million people in the EU, of whom 12.16 million are in the euro area, were unemployed as of March 2020. Compared with February 2020, the number increased by 241,000 in the EU and by 197,000 in the euro area.

Greece was the country with the highest unemployment rate in the active working population. In specific, the unemployment rate in Greece in 2019 between the ages of 15 and 74 years old reached 17.3%.

The second country in the EU with the highest unemployment rate was Spain. In 2019 Spain’s unemployment rate reached 14.1% between the ages of 15 and 74 years old.

The third country on the list is Italy. In 2019 Italy’s unemployment rate reached 10% between the ages of 15 and 74 years old.

France and Cyprus complete the top 5 countries in the European Union where unemployment reached a significantly high level. In 2019 France’s unemployment rate reached 8.5% and Cyprus’s 7.1% between the ages of 15 and 74 years old.

In the 6th place of the list follows Sweden with a 6.8% unemployment rate in 2019 and then in the 7th place comes Finland with 6.7% unemployment rate in 2019.

Croatia, Latvia, and Lithuania complete the last 3 places of the list with the EU’s countries that presented a significantly high level of unemployment in 2019. Croatia’s unemployment rate reached 6.6%, Latvia’s 6.3%, and Lithuania’s also 6.3%.


Top 10 European countries with the highest unemployment rate in the active working population

  1. Greece (17.3%)
  2. Spain (14.1%)
  3. Italy (10%)
  4. France (8.5%)
  5. Cyprus (7.1%)
  6. Sweden (6.8%)
  7. Finland (6.7%)
  8. Croatia (6.6%)
  9. Latvia (6.3%)
  10. Lithuania (6.3%)

The lowest rates were of unemployment recorded in four Czech regions. Prague and Central Bohemia (both 1.3%), South-West (1.5%) as well as North-East (1.7%), followed by West Transdanubia (1.8%) in Hungary, two German regions, Upper Bavaria and Tübingen, and one further Czech region, South-East (all 1.9%).

On the other hand, the highest unemployment rates were registered in Mayotte (30.1%) an overseas region of France, the Spanish autonomous cities of Melilla (27.0%) and Ceuta (25.8%) and two Greek regions, West Macedonia (24.6%) and Western Greece (24.1%).

Among the 239 EU regions for which data are available, 66 had an unemployment rate of less than 3.4% in 2019, half the average of the EU (6.7%). In these EU places are included twenty-two regions in Germany, eleven in Poland, eight in the Netherlands, seven in Czechia, five in Austria, four in Hungary, three in Romania, two each in Belgium and Bulgaria, as well as one each in Italy and Slovakia. In contrast, 29 regions had an unemployment rate of at least 13.4%, double that of the EU. Ten regions in Greece, nine in Spain and five each in France and Italy.

In 2019, the average unemployment rate for young people aged between 15 and 24 in the EU was 15.1%. However, there are marked regional differences in the unemployment rates for young people. The lowest rate was recorded in North-East (2.8%) in Czechia, followed by Czech capital city region Prague and German region Upper Bavaria (both 3.3%) as well as another Czech region, Central Bohemia (3.6%), three German regions, Freiburg (4.0%), Swabia (4.4%) and Münster (4.6%) as well as South-West (4.7%) in Czechia. By contrast, the highest rate was recorded in the Spanish region Melilla (64.0%), followed by the French region Mayotte (54.1%), West Macedonia (53.5%) in Greece, Ceuta in Spain and Guadeloupe, an overseas region of France, (both 52.7%) as well as Sicily (51.1%) in Italy. In over 83% of the EU regions for which data are available, the unemployment rate for young people was at least twice that of total unemployment in the same region.

The long-term unemployment share, which is defined as the percentage of unemployed persons who have been unemployed for 12 months or more, stood at 41.8% on average in the EU in 2019. Across EU regions for which data are available, the lowest shares of long-term unemployed were recorded in four Swedish regions, Stockholm (11.3%), Småland and islands (12.0%), South Sweden (13.1%) and West Sweden (13.6%), as well as North and East Finland (14.2%). On the other hand, more than three-quarters of the unemployed had been out of work for at least a year in the French overseas region Mayotte (84.4%), North-West (83.1%) in Bulgaria, Western Greece (75.4%), Peloponnese (75.3%) and Attica (75.2%) in Greece.


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The Richest Women Worldwide, 2020

Despite the fact that the global economy is at the hardest time, over than half of the 234 women who belong to the list of the richest women worldwide according to Forbes, made millions in less than a year. This year, 234 women were on the list, up from 244 last year. As a group, the women on the list make a total of $927.4 billion. Despite the recent economic instability, they are collective $29.4 billion richer than last year. Here are the top 10 richest women in the world. Their net income was calculated on April 13, 2020.

  1. Alice Walton
    Net worth: $54.1 billion
    Country: United States
    Source: WALMART
    The only daughter of Walmart founder Sam Walton has been named the world’s richest woman this year after losing the title to L’Oréal’s heiress Francoise Bettencourt Meyers in 2019. Despite the recent market turmoil, Walton saw its revenue grow 23% since last year. Walton is leading a program at the Walton Family Foundation that will provide $ 300 million in bonds to help charter schools invest and renovate facilities.
  2. Francoise Bettencourt Meyers
    Net worth: $53.5 billion
    Country: France
    Source: L’Oreal
    The granddaughter of L’Oréal founder Eugène Schueller took over the reins of L’Oreal in 2017, after Liliane Bettencourt’s mother, then the richest woman in the world died at the age of 94. Bettencourt Meyers’ revenue fell $ 400 million last year as its shares fell 12% in the first two weeks of March. In March, the company announced that its plants would begin manufacturing hand sanitizers to support the needs of French and European health authorities.
  3. Julia Koch
    Net worth: $43.2 billion
    Country: United States
    Source: KOCH Industries
    A new member on this year’s list, Koch joined the billionaires after she and her three children inherited 42% of Koch Industries from her husband David, who died in August 2019 at the age of 79. In the 1980s, she also worked as an assistant to fashion designer Adolfo.
  4. Mackenzie Bezos
    Net worth: $40.1 billion
    Country: United States
    Source: Amazon
    Bezos debuted on the list after her divorce from Amazon founder Jeff Bezos in July 2019. The award-winning author received a quarter of her ex-husband’s shares. MacKenzie has signed on to donate half of its assets to Giving Pledge, a non-profit organization for the financially disadvantaged.
  5. Jacqueline Mars
    Net worth: $27.3 billion
    Country: United States
    Source: Sweets (candies), Feeding animals
    Mars and her brother, John, have inherited a third of the $ 35 billion candy company – where the world-famous M & Ms and Milky Way are produced. This company also has a large feed business. Jacqueline Mars worked for the company for almost 20 years, until 2016.
  6. Yang Huiyan
    Net worth: $24 billion
    Country: China
    Source: Real Estate
    The 38-year-old owns 57% and is on the board of the Country Garden, which was founded in Hong Kong and was founded by her father. In response to the coronation pandemic, the company set up robotic, automated food service stations in Wuhan (where the virus began) to feed Chinese doctors.
  7. Susanne Klatten
    Net worth: $19.3 billion
    Country: Germany
    Source: BMW, Pharmaceuticals
    A heiress to BMW, Klatten has seen its net income fall 24% in the first half of March due to the pandemic. Klatten is also the sole owner and vice president of Altana, a pharmaceutical and special chemical company.
  8. Laurene Powell Jobs
    Net worth: $17.5 billion
    Country: United States
    Source: APPLE, DISNEY
    The widow of Apple founder Steve Jobs (died 2011), Powell Jobs, head of Emerson Collective, a hybrid philanthropic and investment company founded in 2016. Speaking of her fortune, Powell Jobs told New York Times in February: “I’m not interested in heritage and my kids know it. Steve was not interested in that. If I live long enough, it will all end with me. “Its revenue is below $ 2.2 billion since last year, due to the fall in Disney’s share price.
  9. Zhong Huijuan
    Net worth: $15.2 billion
    Country: China
    Source: Pharmaceuticals
    Zhong has taken over the Chinese pharmaceutical company Hansoh Pharmaceutical, which produces many types of drugs. Revenue rose 10 percent from early January to mid-March, when the coronaire was more widespread in his homeland. Zhong is married to Sun Piaoyang, the president of the billionaire Jiangsu Hengrui Medicine.
  10. Gina Rinehart
    Net worth: $14.1 billion
    Country: Australia
    Source: Mines
    Rinehart, Australia’s richest man, has built her fortune on iron ore. The daughter of iron ore miner Lang Hancock has been chairman of the mining team and the Hancock Prospecting Group since 1992. Rinehart’s revenue fell $ 2 billion last year as the pandemic plunged its revenue into the iron industry.

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