Saturday, November 1, 2014

EU: Eurozone Unemployment Remains Unchanged in Eurozone at 11.5% in September, Less in EU

According to The Latin American Tribune, Eurozone unemployment remained unchanged at 11.5% in September, while for all 28 countries in the European Union, the jobless rate also stayed level at 10%, the Eurostat statistics agency said on Friday (October 31).

The Eurozone result represented an improvement over the same month in 2013, when September unemployment stood at 12%. In the EU it was also lower than the 10.8% registered in September of the previous year.

Eurostat estimates that 24.5 million people in the EU member states, including 18.3 million in the Eurozone, were looking for work as of last month.

Compared with August 2014, the number of unemployed people fell by 108,000 persons in the EU countries and by 19,000 in the Eurozone bloc whose members share a common currency.

COMMENT: Compared with September, the unemployment rolls shed 1.8 million people in the member states of the EU and lost 826,000 in the Eurozone.

Unemployment was lowest in Germany (5%) and Austria (5.1%) and highest in Greece (26.4% as of July 2014) and Spain (24%).

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