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Europe – Unemployment rate remains stable

28 November 2014

The unemployment rate across the 28 European Union Member States was 10% in October 2014, stable with September 2014, but down from 10.7% in October 2013, according to the latest figures from Eurostat, the statistical body of the European Union.

The unemployment rate across 18 Eurozone countries also remained stable, month-on-month, at 11.5% during October, but down against 11.9% in October 2013.

Among the Member States, the lowest unemployment rates were recorded in Germany (4.9%) and Austria (5.1%), and the highest in Greece (25.9% in August 2014) and Spain (24.0%).

Compared with a year ago, the unemployment rate in October 2014 fell in 22 Member States, increased in five and remained stable in Luxembourg. The largest decreases were registered in Hungary (down from 10.0% to 7.3% between September 2013 and September 2014), Portugal (down from 15.6% to 13.4%), Spain (down from 26.0% to 24.0%), Bulgaria (down from 13.0% to 11.1%) and Greece (down from 27.8% to 25.9% between August 2013 and August 2014). The highest increases were registered in Italy (rising from 12.3% to 13.2%) and Finland (rising from 8.3% to 8.9%).

In October 2014, the unemployment rate in the United States was 5.8%, down from 5.9% in September 2014, and down from 7.2% in October 2013.