Euro Area Unemployment Rate Unchanged at 11.3%


The Euro Area seasonally-adjusted unemployment rate was 11.3% in March, stable compared with February 2015 but down from 11.7% in March 2014.

Among the Member States, the lowest unemployment rate in March 2015 was recorded in Germany (4.7%), and the highest in Greece (25.7% in January 2015) and Spain (23.0%).

The European Union (EU28) unemployment rate was 9.8%, stable compared with the previous month. Eurostat estimates that 23.748 million men and women in the EU28, of whom 18.105 million in the Euro Area, were unemployed in March. Compared with February, the number of persons unemployed decreased by 75 000 in the EU28 and by 36 000 in the Euro Area. Compared with March 2014, unemployment fell by 1.523 million in the EU28 and by 679 000 in the Euro Area.

Compared with a year ago, the unemployment rate fell in twenty-two Member States, increased in five and remained stable in Austria. The largest decreases were registered in Ireland (12.0% to 9.8%), Spain (25.1% to 23.0%) and Poland (9.6% to 7.7%). The increases were registered in Croatia (17.3% to 18.2%), Finland (8.4% to 9.1%), Italy (12.4% to 13.0%), France (10.1% to 10.6%) and Belgium (8.4% to 8.5%).

The youth unemployment rate was 20.9% in the EU28 and 22.7% in the Euro Area, compared with 22.8% and 24.2% respectively in March 2014. The lowest rates were observed in Germany (7.2%), Austria (10.5%), Denmark and the Netherlands (both 10.8%), and the highest in Greece (50.1% in January 2015), Spain (50.1%), Croatia (45.5% in the first quarter 2015) and Italy (43.1%).

Euro Area Unemployment Rate Unchanged at 11.3%


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
4/30/2015 10:08:46 AM