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Euro Area Unemployment Rate at 11.5% - June 2014
added: 2014-08-11

The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in June 2014, down from 11.6% in May 20144, and from 12.0% in June 2013. This is the lowest rate recorded since September 2012. The EU28 unemployment rate was 10.2% in June 2014, down from 10.3% in May 2014, and from 10.9% in June 2013. This is the lowest rate recorded since March 2012.

Eurostat estimates that 25.005 million men and women in the EU28, of whom 18.412 million were in the euro area, were unemployed in June 2014. Compared with May 2014, the number of persons unemployed decreased by 198 000 in the EU28 and by 152 000 in the euro area. Compared with June 2013, unemployment fell by 1.537 million in the EU28 and by 783 000 in the euro area.

Member States

Among the Member States, the lowest unemployment rates were recorded in Austria (5.0%), Germany (5.1%) and Malta (5.6%), and the highest in Greece (27.3% in April 2014) and Spain (24.5%).

Compared with a year ago, the unemployment rate fell in twenty one Member States, increased in five and remained stable in the Netherlands and Sweden. The largest decreases were registered in Portugal (16.6% to 14.1%), Hungary (10.4% to 8.1% between May 2013 and May 2014), Ireland (13.6% to 11.8%), and Spain (26.2% to 24.5%), and the highest increases in Finland (8.1% to 8.8%), Luxembourg (5.9% to 6.3%) and Austria (4.7% to 5.0%). In June 2014, the unemployment rate in the United States was 6.1%, down from 6.3% in May 2014, and from 7.5% in June 2013.

Youth unemployment

In June 2014, 5.129 million young persons (under 25) were unemployed in the EU28, of whom 3.319 million were in the euro area. Compared with June 2013, youth unemployment decreased by 506 000 in the EU28 and by 244 000 in the euro area. In June 2014, the youth unemployment rate5 was 22.0% in the EU28 and 23.1% in the euro area, compared with 23.6% and 23.9% respectively in June 2013. In June 2014, the lowest rates were observed in Germany (7.8%), Austria (9.0%) and the Netherlands (10.5%), and the highest in Greece (56.3% in April 2014), Spain (53.5%) and Italy (43.7%).


Source: Eurostat

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