Europe – Unemployment rate was 11.5% in October 2014, 21.6% for youth

The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared with September 2014 , but down from 11.9% in October 2013. The EU28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down from 10.7% in October 2013. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 24.413 million men and women in the EU28, of whom 18.395 million were in the euro area, were unemployed in October 2014. Compared with September 2014, the number of persons unemployed increased by 42 000 in the EU28 and by 60 000 in the euro area. Compared with October 2013, unemployment fell by 1.549 million in the EU28 and by 547 000 in the euro area.

Youth unemployment
In October 2014, 4.983 million young persons (under 25) were unemployed in the EU28, of whom 3.356 million were in the euro area. Compared with October 2013, youth unemployment decreased by 504 000 in the EU28 and 5 by141 000 in the euro area. In October 2014, the  youth unemployment rate was 21.6% in the EU28 and 23.5% in the euro area, compared with 23.3% and 24.0% respectively in October 2013. In October 2014, the lowest rates were observed in Germany (7.7%), the Netherlands (9.7%) and Austria (10.0%), and the highest in Spain (53.8%), Greece (49.3% in August 2014), Italy (43.3%) and Croatia (41.5% in the third quarter 2014).

Chosen excerpts by Job Market Monitor. Read the whole story at Euro area unemployment rate at 11.5%