Fabian Demicoli

Unemployment rate at 12% in the euro area, 10.7% in EU


The euro area
seasonally-adjusted unemployment rate was 12.0% in December 2013, remaining
stable since October. It was 11.9% in December 2012. The EU unemployment rate
was 10.7% in December 2013, down from 10.8% in November. It was 10.8% in
December 2012. These figures were published on 31 January by Eurostat, the
statistical office of the European Union.

Eurostat estimates that 26.2 million
men and women in the EU, of whom 19 million were in the euro area, were
unemployed in December 2013. Compared with November 2013, the number of
unemployed persons decreased by 162,000 in the EU and by 129,000 in the euro
area. Compared with the previous year, December 2012, unemployment decreased by
173,000 in the EU28, but increased by 130,000 in the euro area. The lowest
unemployment rates were recorded in Austria (4.9%), Germany (5.1%) and
Luxembourg (6.2%), and the highest in Greece (27.8% in October 2013) and Spain
(25.8%). Compared with a year ago, the unemployment rate increased in fourteen
Member States, fell in thirteen and remained stable in Sweden.

Malta was recorded as the
5th Member State with the lowest unemployment rate at 6.7% as at December 2013.

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