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Friday 23.02.2018 | Name days: Haralds, Almants

Unemployment in EU remains lowest since 2011

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAccording to seasonally adjusted data, the level of unemployment in the European Union was 9.8% this March. With that, it remains unchanged in comparison with February.

This means the current unemployment level in EU remains the lowest since 2011, according to the latest data by Eurostat.

In March 2014, on the other hand, Europe’s level of unemployment was 10.4%.

Eurozone’s unemployment level also remained unchanged in March 2014 – 11.3%, which is the lowest since May 2012.

Unemployment in March 2014 was 11.7% in Eurozone.

Compared with February, the number of unemployed persons in the EU had reduced by 75,000 people in March. In Eurozone, the reduction was 36,000 people.

Compared to the same month of 2014, the number of unemployed persons had reduced by 1.523 million in the EU and by 679,000 in Eurozone in March 2015.

Compared to the same month of 2014, the level of unemployment had increased in five countries in Europe. Decline in unemployment was noted in 22 countries. The level of unemployed of one countries remains the same.

The highest unemployment level was registered in Spain – 23%, Croatia – 18.2% and Cyprus – 16%.

Unemployment in Greece was higher than that in Spain in March 2015 and was 25.7%. However, in Greece’s case the latest information was available for January, not March.

Data on unemployment in Latvia and Estonia are not yet available. However, according to data for Q4 of 2014, Latvia’s unemployment level reached 10.4%.

The lowest unemployment levels of February were registered in Germany – 4.7%, Austria – 5.6% and Luxembourg – 5.7%.

Lithuania’s unemployment level was 9.5% in March.

Ref: 102.109.109.6899


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  1. Estonia says:

    Q4 unemployment

    Estonia: 6.3 %
    Latvia: 10.4%
    Lithuania: 9.5%

    Source: tradingeconomics.com

    Thumb up 0 Thumb down 0

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