March 2013 Euro area unemployment rate

March 2013 Euro area unemployment rate

According to Eurostat, the statistical office of the European Union, 26.521 million men and women in the EU-27, of whom 19.211 million in the Euro area, were unemployed in March 2013.

Compared with February 2013, the number of persons unemployed increased by 69,000 in the EU-27 and by 62,000 in the Euro area. Compared with March 2012, unemployment rose by 1.814 million in the EU-27 and by 1.723 million in the Euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.7 %), Germany (5.4 %) and Luxembourg (5.7 %), and the highest rates in Greece (27.2 % in January), Spain (26.7 %) and Portugal (17.5 %).

 

Compared with a year ago, the unemployment rate increased in nineteen Member States and fell in eight. The highest increases were registered in Greece (21.5 % to 27.2 % between January 2012 and January 2013), Cyprus (10.7 % to 14.2 %), Spain (24.1 % to 26.7 %) and Portugal (15.1 % to 17.5 %).

The largest decreases were observed in Latvia (15.6 % to 14.3 % between the fourth quarters of 2011 and 2012), Estonia (10.6 % to 9.4 % between February 2012 and February 2013) and Ireland (15.0 % to 14.1 %).

 

Between March 2012 and March 2013, the unemployment rate for males increased from 10.8 % to 11.9 % in the Euro area and from 10.2 % to 10.9 % in the EU-27.

The female unemployment rate increased from 11.3 % to 12.2 % in the Euro area and from 10.4 % to 11.0 % in the EU-27.

 

In March 2013, 5.690 million young people (under 25) were unemployed in the EU-27, of whom 3.599 million were in the Euro area. Compared with March 2012, youth unemployment increased by 177,000 in the EU-27 and by 184,000 in the Euro area.

In March 2013, the youth unemployment rate was 23.5 % in the EU-27 and 24.0 % in the Euro area. In March 2012 it was 22.6 % and 22.5 % respectively.

In March 2013 the lowest rates were observed in Germany and Austria (both 7.6 %) and the Netherlands (10.5 %), and the highest in Greece (59.1 % in January 2013), Spain (55.9 %), Italy (38.4 %) and Portugal (38.3 %).

 

Find out more: http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Unemployment_statistics