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The unemployment rate remains the same

According to Eurostat, the unemployment rate in the euro area was 12% and remained unchanged in August  and  in July. It also remained almost unchanged at 10.9% in  comparism to August 2012 at 10.6%  and 11.5%  in the  euro area last year.

According to Eurostat in August this year there were 26.595 million unemployed persons in the EU, of whom 19.178 million in the euro area. In August 2012 there were 882,000 more unemployed  in the EU,  and 895,000 more in the euro area.

In Slovenia, the unemployment rate remained unchanged in August and in July and is 10.4%. Among the Member State the lowest unemployment rate in July 2013 was recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (5.8%), and the highest in Greece (27.9% in June 2013) and Spain (26.2%).

On an annual basis, the unemployment rate increased in 16 Member States and decreased in 11, and remained unchanged in Poland. The largest increases were recorded in Cyprus (from 12.3% to 16.9%) and Greece (24.6% to 27.9% between June 2012 and June 2013). In Slovenia, the unemployment rate on an annual basis rose by 0.9%.

August 2013  there were 5.499 million young persons (under 25 years) unemployed in the EU, of which 3.457 million in the euro area. The unemployment rate among young people in the EU was 23.3 per cent in the euro area and 23.7 per cent.

Given that the European  monetary union has, according to some indicators,  overcome  the 18-month recession,  data on the increased  rate of unemployment in the EU rise concern. Economic growth, according to some theories, is  yet too weak to create new jobs and / or structural changes are needed.



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