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Europe – Unemployment remains stable

01 October 2013

The Eurozone’s (EA17) seasonally-adjusted unemployment rate was 12% in August 2013, stable compared with July. The European Union’s (EU28) (incl. new member Croatia) unemployment rate was 10.9%, also stable compared with July.

In both zones, rates have risen compared with August 2012, when they were 11.5% and 10.6% respectively. These figures are published by Eurostat, the statistical office of the European Union.

In August 2013, 26.6 million men and women were unemployed in the EU28, of whom 19.2 million were in the Eurozone. Compared with July 2013, the number of persons unemployed remained nearly stable in both the EU28 and the Eurozone. Compared with August 2012, unemployment rose by 882,000 in the EU28 and by 895,000 in the Eurozone.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (5.8%), and the highest in Greece (27.9% in June 2013) and Spain (26.2%).

Compared with a year ago, the unemployment rate increased in 16 Member States, fell in 11 and remained stable in Poland. The highest increases were registered in Cyprus (rising from 12.3% to 16.9%) and Greece (rising from 24.6% to 27.9% between June 2012 and June 2013). The largest decreases were observed in Latvia (falling from 15.6% to 11.4% between the second quarters of 2012 and 2013) and Estonia (falling from 10.1% to 7.9% between July 2012 and July 2013).

In comparison during August 2013, the unemployment rate in the United States was 7.3%, down from 7.4% in July 2013 and from 8.1% in August 2012.

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Job Reviews 02/10/2013 4:27 am

Employers remain cautious about adding workers. Siemens, the German industrial company that competes with General Electric, said on Sunday that it was cutting about 15,000 jobs across its global operations, including 5,000 in Germany, as it seeks to raise its profitability.


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