Euro Area Unemployment Unchanged at 12.1% in June


In June, Euro Area's jobless rate stood unchanged at 12.1 percent for the fourth successive month. Compared with May, the number of persons unemployed decreased by 24 000. This is the first time in more than two years that the number of people unemployed in the Euro Area decreases. Youth unemployment was registered at 23.2 percent.

In June, 26.424 million men and women in the European Union, of whom 19.266 million were in the Euro Area, were unemployed. Among the Member States, the lowest unemployment rates were recorded in Austria (4.6 percent), Germany (5.4 percent) and Luxembourg (5.7 percent), and the highest in Greece (26.9 percent in April 2013) and Spain (26.3 percent).

Compared with a year ago, the unemployment rate increased in seventeen Member States and fell in ten. The  highest increases were registered in Cyprus (11.7 percent to 17.3 percent), Greece (23.1 percent to 26.9 percent between April 2012 and  April 2013) and Slovenia (8.8 percent to 11.2 percent). The largest decreases were observed in Latvia (15.5 percent to 12.5 percent between the first quarters of 2012 and 2013) and Estonia (10.1 percent to 8.0 percent between May 2012 and May 2013). 

Euro Area Unemployment Unchanged at 12.1% in June


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
7/31/2013 10:25:31 AM