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Unemployment decreases slightly throughout the Union

Statistical Office of the European Union – Eurostat published the latest data on unemployment in the European Union (EU) and the euro area (EA). For the EU, Eurostat noted that the level of unemployment in June was 10.2%, which represents the lowest level since March 2012. Compared to May 2014, the unemployment rate fell to 0.1% and from the previous year by 0.7%. In the EA unemployment recorded with 11.5% represent the lowest level of unemployment since September 2012. Again, compared to the previous month, unemployment fell by 0.1% and by 0,5% compared to the same period last year.

Among the Member States, the lowest level were (traditionally) recorded in Austria with 5%, followed by Germany with 5.1% and Malta with 5.6%. By far the highest unemployment was recorded in Greece with a 27.3% (data for April 2014) and in Spain by 24.5%.

Comparison with the same period last year shows that unemployment fell in 21 Member States and increased in five. Portugal (from 16.6% to 14.1%) and Hungary (from 10.4% to 8.1%) recorded the highest decreases, while Finland (from 8.1% to 8 8%), Luxembourg (from 5.9% to 6.3%) and Austria (from 4.7% to 5%) recorded the largest increases in unemployment.

Unemployment rate among young people (aged below 25) also slightly decreased. Throughout the EU it fell from 23.6% to 22% in June, in the ​​EA it fell from 23.9% to 23.1%.

In Slovenia the unemployment rate in June was 10.1%, which is 0.1% less than the previous month and 0.1% less than in the same period last year. Youth unemployment remains the same in June than in May 2014 with 22.3%, which is 0.9% less than the year before.

Source: http://europa.eu/rapid/press-release_STAT-14-121_en.pdf

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