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Compared to the prior month, unemployment for the 17 Eurozone countries fell in June by -0.1% to 12.1%, according to the latest figures from Eurostat, the European Union’s statistical body. Unemployment across the 27 European Union countries also recorded a slight drop of -0.1% in June to 10.9%. However, both figures remain well above the levels for June 2012, which had Eurozone unemployment at 11.4% and European Union unemployment at 10.5%.
Eurostat estimates that 26.4 million men and women in the EU27, of whom 19.3 million were in the euro area, were unemployed in June 2013. Compared with May 2013, the number of persons unemployed decreased by 32,000 in the EU27 and by 24,000 in the euro area. Compared with June 2012, unemployment rose by 1.1 million in the EU27 and by 1.1 million in the euro area.
Among the Member States, the lowest unemployment rates were recorded in Austria (4.6%), Germany (5.4%) and Luxembourg (5.7%), and the highest in Greece (26.9% in April 2013) and Spain (26.3%). Compared with a year ago, the unemployment rate increased in seventeen Member States and fell in ten. The biggest increases were registered in Cyprus (from 11.7% to 17.3%), Greece (from 23.1% to 26.9% between April 2012 and April 2013) and Slovenia (from 8.8% to 11.2%). The largest decreases were observed in Latvia (from 15.5% to 12.5% between the first quarters of 2012 and 2013) and Estonia (from 10.1% to 8.0% between May 2012 and May 2013).
In June 2013, 5.5 million young persons (under 25) were unemployed in the EU27, of whom 3.5 million were in the euro area. Compared with June 2012, youth unemployment decreased by 43,000 in the EU27 and increased by 43,000 in the euro area. In June 2013, the youth unemployment rate was 23.2% in the EU27 and 23.9% in the euro area, compared with 22.8% and 23.0% respectively in June 2012. In June 2013, the lowest rates were observed in Germany (7.5%), Austria (9.3%) the Netherlands (11.0%) and Malta (11.2%), and the highest in Greece (58.7% in April 2013) and Spain (56.1%).
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