Euro Area Unemployment Rate Steady at 11.5%


The euro area seasonally-adjusted jobless rate was 11.5 percent in August 2014, stable compared with July 2014, but down from 12.0 percent in August 2013. The EU 28 unemployment rate was 10.1 percent in August 2014, the lowest value since February 2012.

Eurostat estimates that 24.642 million men and women in the EU28, of whom 18.326 million were in the euro area, were unemployed in August 2014. Compared with July 2014, the number of persons unemployed decreased by 134 000 in the EU28 and by 137 000 in the euro area. Compared with August 2013, unemployment fell by 1.745 million in the EU28 and by 834 000 in the euro area. 

Among the Member States, the lowest unemployment rates were recorded in Austria (4.7 percent) and Germany (4.9 percent), and the highest in Greece (27.0 percent in June 2014) and Spain (24.4 percent). Compared with a year ago, the unemployment rate fell in twenty-two Member States, increased in four and remained stable in two. The largest decreases were registered in Hungary (10.2 percent to 7.8 percent between July 2013 and July 2014), Portugal (16.1 percent to 14.0 percent), Spain (26.1 percent to 24.4 percent) and Croatia (18.2 percent to 16.5 percent), and the highest increases were registered in Finland (8.1 percent to 8.6 percent) and France (10.2 percent to 10.5 percent) In August 2014, the unemployment rate in the United States was 6.1 percent, down from 6.2 percent in July 2014, and from 7.2 percent in August 2013.

Euro Area Unemployment Rate Steady at 11.5%


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/30/2014 10:22:36 AM