Euro Area Unemployment Rate Flat in November


In November of 2013, Euro Area’s jobless rate remained stable at 12.1 percent. Youth unemployment fell slightly to 24.2 percent from 24.4 percent in October.

The EU 28 unemployment rate was 10.9 percent, stable since May. In both zones, the rates increased compared with November of 2012, when they were 11.8 percent and 10.8 percent, respectively. 

In the EU 28, 26.553 million men and women, of whom 19.241 million were in the euro area were unemployed in November of 2013. Compared with October the number of persons unemployed increased by 19 000 in the EU 28 and by 4 000 in the euro area. Compared with November of 2012, unemployment rose by 278 000 in the EU 28 and by 452 000 in the euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.8 percent), Germany (5.2 percent) and Luxembourg (6.1 percent), and the highest in Greece (27.4 percent in September 2013) and Spain (26.7 percent). 

Compared with a year ago, the unemployment rate increased in fourteen Member States and fell in fourteen. The highest increases were registered in Cyprus (13.3 percent to 17.3 percent), Italy (11.3 percent to 12.7 percent), Greece (26.0 percent to 27.4 percent between September 2012 and September 2013) and the Netherlands (5.6 percent to 6.9 percent). The largest decreases were observed in Ireland (14.3 percent to 12.3 percent), Latvia (14.0 percent to 12.0 percent between the third quarters of 2012 and 2013), Lithuania (13.0 percent to 11.3 percent), Portugal (17.0 percent to 15.5 percent) and Hungary (11.0 percent to 9.5 percent between October 2012 and October 2013).  

Euro Area Unemployment Rate Flat in November


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/8/2014 10:16:57 AM