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KNOWLEDGE CENTER
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News>Euro area unemployment

Euro area unemployment rate at 12.1% - EU 28 at 10.9%
January 8, 2014 - The euro area (EA17) seasonally-adjusted unemployment rate was 12.1% in November 2013, stable since April4. The EU281 unemployment rate was 10.9%, stable since May4. In both zones, the rates increased compared with November 2012, when they were 11.8% and 10.8% respectively.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.2%) and Luxembourg (6.1%), and the highest in Greece (27.4% in September 2013) and Spain (26.7%).

Compared with a year ago, the unemployment rate increased in fourteen Member States and fell in fourteen. The highest increases were registered in Cyprus (13.3% to 17.3%), Italy (11.3% to 12.7%), Greece (26.0% to 27.4% between September 2012 and September 2013) and the Netherlands (5.6% to 6.9%). The largest decreases were observed in Ireland (14.3% to 12.3%), Latvia (14.0% to 12.0% between the third quarters of 2012 and 2013), Lithuania (13.0% to 11.3%), Portugal (17.0% to 15.5%) and Hungary (11.0% to 9.5% between October 2012 and October 2013).In October 2012, the unemployment rate was 7.9% in the USA. In Japan it was 4.2% in September 2012.

Source: "Euro area unemployment rate at 12.1%", European Commission, January 8, 2014


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