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Tuesday 23.12.2014 | Name days: Viktorija, Balva

Eurostat: unemployment level in EU drops to 10.6%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe seasonally adjusted level of unemployment in the European Union dropped to 10.6% this February, according to the latest data of Eurostat.

Unemployment in Eurozone, on the other hand, was 11.9% last December and has not changed in comparison with January.

According to the latest estimates on unemployment, it remains unchanged in Eurozone since October 2013.

Data from Eurostat shows that there were 25.92 million unemployed persons in the EU, including 18,965 million in Eurozone.

Compared to January, the number of unemployed persons in the EU has reduced by 65,000 and that of Eurozone has reduced by 35,000.

In comparison with the same month of 2013, the number of unemployed persons in the EU had reduced by 619,000 this February. The number of unemployed persons in Eurozone had reduced by 166,000 in February 2014.

This February, the highest level of unemployment was registered in Spain (25.6), Croatia (17.6%) and Cyprus (16.7%).

Unemployment in Greece was higher than that of Spain and had even reached 27.5%. However, in Greece’s case the latest data on unemployment is available for December 2013, not February 2014.

No data is available for Latvia and Estonia. Nevertheless, according to data available for Q4 2013, Latvia’s overall unemployment level was 11.6%.

The lowest level of unemployment in the EU can be found in Austria (4.8%), Germany (5.1%) and Luxembourg (6.1%).

Lithuania’s level of unemployment was 11.5% this February.

Ref: 103.109.109.8473


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