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Europe – Unemployment remains unchanged

08 January 2014

The Eurozone unemployment rate was 12.1% in November 2013, unchanged since April 2013. The European Union unemployment rate held steady at 10.9%, the same level since May 2013. In both regions the rates increased compared with November 2012, when they were 11.8% and 10.8%, respectively.

According to the latest figures published by Eurostat, the statistical office of the European Union, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.2%), and Luxembourg (6.1%). The highest rates were reported in Greece (27.4% as of September 2013) and Spain (26.7%).

Compared with a year ago, the unemployment rate increased in 14 Member States and fell in 14 states. The highest increases were registered in Cyprus (from 13.3% to 17.3%), Italy (from 11.3% to 12.7%), Greece (from 26% to 27.4% between September 2012 and September 2013) and the Netherlands (from 5.6% to 6.9%).

The largest decreases were observed in Ireland (14.3% to 12.3%), Latvia (from 14% to 12% between the third quarters of 2012 and 2013), Lithuania (from 13% to 11.3%), Portugal (from 17% to 15.5%), and Hungary (11% to 9.5% between October 2012 and October 2013).

In comparison, the unemployment rate in the United States was 7%, down from 7.3% in October 2013 and from 7.8% in November 2012. 

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