Analytics, Employment, EU – Baltic States, Labour-market
International Internet Magazine. Baltic States news & analytics
Friday, 19.04.2024, 14:01
Euro area unemployment rate in February was 11.9%
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Eurostat estimates that 25.920 million men and women in the EU, of whom 18.965 million were in the euro area, were unemployed in February 2014. Compared with January 2014, the number of persons unemployed decreased by 65 000 in the EU and by 35 000 in the euro area. Compared with February 2013, unemployment decreased by 619 000 in the EU, and by 166 000 in the euro area.
In February 2014, seasonally-adjusted unemployment rate in Lithuania stood at 11.5%, Eurostat, the statistical office of the European Union, said.
Among the Member States, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.1%) and Luxembourg (6.1%), and the highest in Greece (27.5% in December 2013) and Spain (25.6%).
Compared with a year ago, the unemployment rate increased in eleven Member States, fell in fifteen and remained stable in Romania and Sweden. The highest increases were registered in Cyprus (14.7% to 16.7%), Greece (26.3% to 27.5% between December 2012 and December 2013), Italy (11.8% to 13.0%) and the Netherlands (6.2% to 7.3%). The largest decreases were observed in Hungary (11.2% to 8.3% between January 2013 and January 2014), Latvia (13.8% to 11.6% between the fourth quarters of 2012 and 2013), Portugal (17.5% to 15.3%), and Ireland (13.7% to 11.9%).
In February 2014, the unemployment rate in the United States was 6.7%, up from 6.6% in January 2014, but down from 7.7% in February 2013. In February 2014, 5.392 million young persons (under 25) were unemployed in the EU, of whom 3.415 million were in the euro area. Compared with February 2013, youth unemployment decreased by 295 000 in the EU and by 194 000 in the euro area. In February 2014, the youth unemployment rate was 22.9% in the EU and 23.5% in the euro area, compared with 23.6% and 24.0% respectively in February 2013.
In February 2014, the lowest rates were observed in Germany (7.7%), Austria (9.4%) and the Netherlands (11.5%), and the highest in Greece (58.3% in December 2013), Spain (53.6%) and Croatia (48.8% in the fourth quarter of 2013). In February 2014, youth unemployment rate in Lithuania stood at 21.1%.
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