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Europe – Unemployment rate continues to hold steady

28 February 2014

In January 2014, the unemployment rate across the 17 Eurozone countries was 12%, unchanged since October 2013, and at the same level as January 2013, according to the latest figures from Eurostat, the statistical body of the European Union. 

Across the 28 European Union countries unemployment in January 2014 also remained unchanged since October 2013, holding steady at 10.8%. In January 2013, the unemployment level in the EU was 11%.

The lowest unemployment rates in the EU were recorded in Austria (4.9%), Germany (5%), and Luxembourg (6.1%), and the highest is Greece (28% in November 2013) and Spain (25.8%).

Compared with a year ago, the unemployment rate increased in 13 Member States and fell in 14 states. Unemployment remained stable in Austria and Slovenia. The highest increases were registered in Cyprus (from 14.4% to 16.8%), Greece (from 26.3% to 28% between November 2012 and November 2013), Croatia (from 17.4% to 18.8%), Italy (from 11.8% to 12.9%) and the Netherlands (from 6% to 7.1%).

The largest decreases were observed in Latvia (from 14.3% to 11.5% between Q4 2012 and Q4 2013), Portugal (from 17.6% to 15.3%), Hungary (from 11.1% to 8.8% between December 2012 and December 2013), Ireland (from 13.8% to 11.9%), and Lithuania (from 12.8% to 11.3%).

In January 2014, the unemployment rate in the United States was 6.6%, down from 6.7% in December 2013 and from 7.9% in January 2013.

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