Analytics, Employment, EU – Baltic States, Labour-market

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 03:17

The euro area unemployment rate made 11.2% in January

BC, Vilnius, 03.03.2015.Print version
In January 2015, Lithuania's seasonally adjusted unemployment accounted for 9.8% (144,000 persons), Eurostat, the statistical office of the European Union, reports. In January 2014, the country's seasonally adjusted unemployment stood at 11.4% (167,000 persons). The euro area (EA19) seasonally-adjusted unemployment rate was 11.2% in January 2015, down from 11.3% in December 2014, and from 11.8% in January 2014, writes LETA/ELTA.

This is the lowest rate recorded in the euro area since April 2012. The EU28 unemployment rate was 9.8% in January 2015, down from 9.9% in December 2014 and from10.6% in January 2014.

Eurostat estimates that 23.815 million men and women in the EU28, of whom 18.059 million were in the euro area, were unemployed in January 2015. Compared with December 2014, the number of persons unemployed decreased by 156 000 in the EU28 and by 140 000 in the euro area. Compared with January 2014, unemployment fell by 1.820 million in the EU28 and by 896 000 in the euro area.

 

Among the member-states, the lowest unemployment rates in January 2015 were recorded in Germany (4.7%) and Austria (4.8%), and the highest in Greece (25.8% in November 2014) and Spain (23.4%).

 

Compared with a year ago, the unemployment rate in January 2015 fell in twenty-four member-states, remained stable in Belgium and increased in Cyprus (15.7% to 16.1%), Finland (8.4% to 8.8%) and France (10.1% to 10.2%). The largest decreases were registered in Spain (25.5% to 23.4%), Estonia (8.5% to 6.4% between December 2013 and December 2014), and Ireland (12.1% to 10.0%).

 

In January 2015, the unemployment rate in the United States was 5.7%, up from 5.6% in December 2014, but down from 6.6% in January 2014.

 

In January 2015, 4.889 million young persons (under 25) were unemployed in the EU28, of whom 3.281 million were in the euro area. Compared with January 2014, youth unemployment decreased by 562 000 in the EU28 and by 259 000 in the euro area. In January 2015, the youth unemployment rate5 was 21.2% in the EU28 and 22.9% in the euro area, compared with 23.3% and 24.3% respectively in January 2014. In January 2015, the lowest rates were observed in Germany (7.1%), Austria (8.2%) and Denmark (10.8%), and the highest in Spain (50.9%), Greece (50.6% in November 2014), Croatia (44.1% in the fourth quarter 2014) and Italy (41.2%).






Search site