Euro Area Unemployment Rate at 11.8%


The euro area seasonally-adjusted unemployment rate was 11.8 percent in March 2014, unchanged from a downward revised 11.8 percent in February and stable since December 2013. It was 12.0 percent in March 2013.

The EU 28 unemployment rate was 10.5 percent in March 2014, stable compared with February, but down from 10.9 percent in March 2013. 

Eurostat estimates that 25.699 million men and women in the EU 28, of whom 18.913 million were in the euro area, were unemployed in March 2014. Compared with February 2014, the number of persons unemployed decreased by 66 000 in the EU28 and by 22 000 in the euro area. Compared with March 2013,
unemployment decreased by 929 000 in the EU28 and by 316 000 in the euro area. 

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9 percent), Germany (5.1 percent) and Luxembourg (6.1 percent), and the highest in Greece (26.7 percent in January 2014) and Spain (25.3 percent). 

Compared with a year ago, the unemployment rate increased in ten Member States, remained stable in three and fell in fifteen. The highest increases were registered in Cyprus (14.8 percent to 17.4 percent), the Netherlands (6.4 percent to 7.2 percent), Italy (12.0 percent to 12.7 percent) and Croatia (16.6 percent to 17.3 percent), and the largest decreases in Hungary (11.2 percent to 7.9 percent between February 2013 and February 2014), Latvia (13.9 percent to 11.6 percent between the fourth quarters of 2012 and 2013), Portugal (17.4 percent to 15.2 percent) and Ireland (13.7 percent to 11.8 percent).  

Euro Area Unemployment Rate at 11.8%


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/2/2014 10:12:07 AM