EU28 in March 2014 Unemployment rate was 10.5%, 11.8% for the euro area

The euro area (EA18) seasonally-adjusted unemployment rate was 11.8% in March 2014, stable since December 2013, but down from 12.0% in March 2013. The EU28 unemployment rate was 10.5% in March 2014, stable compared with February 2014, but down from 10.9% in March 2013. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 25.699 million men and women in the EU28, of whom 18.913 million were in the euro area, were unemployed in March 2014. Compared with February 2014, the number of persons unemployed decreased by 66 000 in the EU28 and by 22 000 in the euro area. Compared with March 2013, unemployment decreased by 929 000 in the EU28 and by 316 000 in the euro area.

Youth unemployment

In March 2014, 5.340 million young persons (under 25) were unemployed in the EU28, of whom 3.426 million were in the euro area. Compared with March 2013, youth unemployment decreased by 322 000 in the EU28 and by 166 000 in the euro area. In March 2014, the youth unemployment rate5 was 22.8% in the EU28 and 23.7% in the euro area, compared with 23.5% and 24.0% respectively in March 2013. In March 2014, the lowest rates were observed in Germany (7.8%), Austria (9.5%) and the Netherlands (11.3%), and the highest in Greece (56.8% in January 2014), Spain (53.9%) and Croatia (49.0% in the first quarter of 2014).

Chosen excerpts by Job Market Monitor. Read the whole story at Euro area unemployment rate at 11.8%, EU28 at 10.5%