30 Jan 2015
Eurozone unemployment declines to lowest level since August 2012
FXStreet (London) - The Eurozone seasonally-adjusted unemployment rate was 11.4 percent in December 2014, down from 11.5 percent in November 2014, and from 11.8 percent in December 2013, according to Eurostat, the statistical office of the European Union.
This is the lowest rate recorded in the Eurozone since August 2012. The 28-member European Union unemployment rate was 9.9 percent in December 2014, down from 10.0 percent in November 2014 and from 10.6 percent in December 2013. This is the first time the rate for the EU28 has fallen below 10.0 percent since October 2011.
Compared with a year ago, the unemployment rate in December 2014 fell in twenty-four Member States, remained stable in Belgium and increased in Finland (8.3 percent to 8.9 percent), Italy (12.6 percent to 12.9 percent) and France (10.2 percent to 10.3 percent). The largest decreases were registered in Estonia (9.0 percent to 6.6 percent between November 2013 and November 2014), Bulgaria (12.8 percent to 10.8 percent), Greece (27.8 percent to 25.8 percent between October 2013 and October 2014), Hungary (9.3 percent to 7.3 percent between November 2013 and November 2014) and Poland (10.0 percent to 8.0 percent).
This is the lowest rate recorded in the Eurozone since August 2012. The 28-member European Union unemployment rate was 9.9 percent in December 2014, down from 10.0 percent in November 2014 and from 10.6 percent in December 2013. This is the first time the rate for the EU28 has fallen below 10.0 percent since October 2011.
Compared with a year ago, the unemployment rate in December 2014 fell in twenty-four Member States, remained stable in Belgium and increased in Finland (8.3 percent to 8.9 percent), Italy (12.6 percent to 12.9 percent) and France (10.2 percent to 10.3 percent). The largest decreases were registered in Estonia (9.0 percent to 6.6 percent between November 2013 and November 2014), Bulgaria (12.8 percent to 10.8 percent), Greece (27.8 percent to 25.8 percent between October 2013 and October 2014), Hungary (9.3 percent to 7.3 percent between November 2013 and November 2014) and Poland (10.0 percent to 8.0 percent).