Euro Area Unemployment Rate Slightly Up to 12.2% in September


In September of 2013, Euro Area's seasonally-adjusted unemployment rate slighlty increased to 12.2 percent, from 12 percent in the previous month and 11.6 percent a year ago. Youth unemployment increased further to 24.1 percent from 23.6 percent a year earlier.

In September of 2013, 26.872 million men and women were unemployed in the EU28, of whom 19.447 million were in the euro area. Compared with August of 2013, the number of persons unemployed went up by 61 000 in the EU28 and by 60 000 in the euro area. Compared with the same month lats year, unemployment rose by 978 000 in the EU28 and by 996 000 in the euro area. 

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9 percent), Germany (5.2 percent) and Luxembourg (5.9 percent), and the highest in Greece (27.6 percent in July 2013) and Spain (26.6 percent). 

Compared with a year ago, the unemployment rate increased in sixteen Member States, fell in eleven and remained stable in the Czech Republic. The highest increases were registered in Cyprus (12.7 percent to 17.1 percent) and Greece (25.0 percent to 27.6 percent between July 2012 and July 2013). The largest decreases were observed in Latvia (15.6 percent to 11.3 percent between the second quarters of 2012 and 2013) and Estonia (10.0 percent to 8.3 percent between August 2012 and August 2013).

In September of 2013, 5.584 million young persons (under 25) were unemployed in the EU28, of whom 3.548 million were in the euro area. Compared with September last year, youth unemployment decreased by 57 000 in the EU28, but increased by 8 000 in the euro area. In September of 2013, the youth unemployment rate was 23.5 percent in the EU28 and 24.1 percent in the euro area, compared with 23.1 percent and 23.6 percent respectively a year ago. The lowest rates were observed in Germany (7.7 percent) and Austria (8.7 percent), and the highest in Greece (57.3 percent in July 2013), Spain (56.5 percent) and Croatia (52.8 percent in the third quarter of 2013).  

Euro Area Unemployment Rate Slightly Up to 12.2% in September


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2013 10:24:06 AM