News Markets Media

USA | Europe | Asia | World| Stocks | Commodities

Home News Europe Euro Area Unemployment Rate at 11.7% - April 2014


Euro Area Unemployment Rate at 11.7% - April 2014
added: 2014-06-04

The euro area (EA18) seasonally-adjusted unemployment rate was 11.7% in April 2014, down from 11.8% in March 2014, and from 12.0% in April 2013. The EU28 unemployment rate was 10.4% in April 2014, down from 10.5% in March 2014, and from 10.9% in April 2013. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 25.471 million men and women in the EU28, of whom 18.751 million were in the euro area, were unemployed in April 2014. Compared with March 2014, the number of persons unemployed decreased by 151 000 in the EU28 and by 76 000 in the euro area. Compared with April 2013, unemployment fell by 1.167 million in the EU28 and by 487 000 in the euro area.

Member States

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (6.1%), and the highest in Greece (26.5% in February 2014) and Spain (25.1%).

Compared with a year ago, the unemployment rate fell in eighteen Member States, remained stable in two and increased in eight. The largest decreases were registered in Hungary (10.6% to 7.8% between March 2013 and March 2014), Portugal (17.3% to 14.6%) and Ireland (13.7% to 11.9%), and the highest increases in Cyprus (15.6% to 16.4%) and the Netherlands (6.5% to 7.2%).

In April 2014, the unemployment rate in the United States was 6.3%, down from 6.7% in March 2014, and from 7.5% in April 2013.

Youth unemployment

In April 2014, 5.259 million young persons (under 25) were unemployed in the EU28, of whom 3.381 million were in the euro area. Compared with April 2013, youth unemployment decreased by 415 000 in the EU28 and by 202 000 in the euro area. In April 2014, the youth unemployment rate5 was 22.5% in the EU28 and 23.5% in the euro area, compared with 23.6% and 23.9% respectively in April 2013. In April 2014, the lowest rates were observed in Germany (7.9%), Austria (9.5%) and the Netherlands (11.0%), and the highest in Greece (56.9% in February 2014), Spain (53.5%) and Croatia (49.0% in the first quarter of 2014).


Source: Eurostat

Privacy policy . Copyright . Contact .