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Euro Area Unemployment Rate at 11.5% - August 2014
added: 2014-10-06

The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in August 2014, stable compared with July 2014, but down from 12.0% in August 2013. The EU28 unemployment rate was 10.1% in August 2014, the lowest value since February 2012. The rate was down from 10.2% in July 2014, and from 10.8% in August 2013. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 24.642 million men and women in the EU28, of whom 18.326 million were in the euro area, were unemployed in August 2014. Compared with July 2014, the number of persons unemployed decreased by 134 000 in the EU28 and by 137 000 in the euro area. Compared with August 2013, unemployment fell by 1.745 million in the EU28 and by 834 000 in the euro area.

Member States

Among the Member States, the lowest unemployment rates were recorded in Austria (4.7%) and Germany (4.9%), and the highest in Greece (27.0% in June 2014) and Spain (24.4%).

Compared with a year ago, the unemployment rate fell in twenty-two Member States, increased in four and remained stable in two. The largest decreases were registered in Hungary (10.2% to 7.8% between July 2013 and July 2014), Portugal (16.1% to 14.0%), Spain (26.1% to 24.4%) and Croatia (18.2% to 16.5%), and the highest increases were registered in Finland (8.1% to 8.6%) and France (10.2% to 10.5%)

In August 2014, the unemployment rate in the United States was 6.1%, down from 6.2% in July 2014, and from 7.2% in August 2013.

Youth unemployment

In August 2014, 4.989 million young persons (under 25) were unemployed in the EU28, of whom 3.332 million were in the euro area. Compared with August 2013, youth unemployment decreased by 602 000 in the EU28 and by 210 000 in the euro area. In August 2014, the youth unemployment rate was 21.6% in the EU28 and 23.3% in the euro area, compared with 23.5% and 23.9% respectively in August 2013. In August 2014, the lowest rates were observed in Germany (7.6%), Austria (8.2%) and the Netherlands (10.1%), and the highest in Spain (53.7%), Greece (51.5% in June 2014), Italy (44.2%) and Croatia (43.9% in the second quarter 2014).


Source: Eurostat

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