Eurozone unemployment fell to 7.1% in April - the lowest since records began in 1993

European
Eurozone unemployment fell to 7.1% in April - the lowest since records began in 1993
By Finfacts Team
Jun 2, 2007, 19:21

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The European Union's logo in the Irish language, to mark the golden jubilee of the signing of the Treaty of Rome

Eurozone (EA13)¹ seasonally-adjusted unemployment² stood at 7.1% in April 2007, compared with 7.2% in March³the lowest since records began in 1993.

It was 8.0% in April 2006. The EU27¹ unemployment rate was also 7.1% in April 2007, compared with 7.2% in March³.It was 8.0% in April 2006.

In April 2007, the lowest rates were registered in the Netherlands (3.3%), Denmark (3.4% in March) and Ireland (4.0%). Unemployment rates were highest in Poland (11.2%) and Slovakia (10.5%).

The figures come from Eurostat, the Statistical Office of the European Union.

Twenty-two Member States recorded a fall in their unemployment rate over a year, four an increase and in Romania the unemployment rate was stable. The largest relative falls were observed in Estonia (6.3% to 4.7%), Slovenia (6.4% to 4.8%) and Slovakia (13.8% to 10.5%). The highest relative increases were registered in Hungary (7.3% to 8.2%) and Portugal (7.6% to 8.0%).

The unemployment rate for males fell from 6.9% to 5.9% between April 2006 and April 2007 in the Eurozone and from 7.3% to 6.3% in the EU27. The female unemployment rate declined from 9.3% to 8.6% in the Eurozone and from 8.9% to 8.2% in the EU27.

In April 2007, the unemployment rate for under-25s was 15.7% in the Eurozone and 16.1% in the EU27. In April 2006 it was 16.7% and 17.6% respectively. The lowest rates for under-25s were observed in the Netherlands (5.9%), Denmark (6.6% in March) and Ireland (7.6%); the highest in Greece (25.5% in the fourth quarter 2006), Poland (23.0%), and Slovakia (22.0%).

Eurostat estimates that 16.7 million men and women in the EU27, of which 10.6 million were in the Eurozone, were unemployed in April 2007. In April 2006, 18.7 million men and women in the EU27, of which 11.8 million were in the Eurozone, were unemployed.

In April 2007, the US unemployment rate was 4.5% and the Japanese rate was 3.8%.

Unemployment (%) in April 2007 - in ascending order

SE⁴

3.3

Mar 07
3.4

4.0

4.4

4.5

4.7

4.8

4.9

5.4

Feb 07
5.4

5.8

6.1

6.2

6.4

DE⁵

EA13

EU27

FR⁶

2006 Q4
6.5

6.6

6.7

7.1

7.2

7.5

7.6

8.0

8.2

2006 Q4
8.6

8.6

10.5

11.2

From 1 January 2007 the Eurozone (EA13) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Slovenia and Finland.

The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

Eurostat's unemployment rates

Eurostat calculates harmonised unemployment rates for Member States. These unemployment rates are based on definitions recommended by the International Labour Organisation (ILO). Harmonised means that the national micro data concerning the individuals and households are treated by Eurostat as to allow comparability between the Member States.

According to the Eurostat definition unemployed people are those aged 15 to 74 who, following the International Labour Organisation (ILO) definition:

- are without work;

- are available to start work within the next two weeks;

- and have actively sought employment at some time during the previous four weeks.

The unemployment rate is the number of people unemployed as a percentage of the labour force. The labour force is the total number of people employed and unemployed.

The numbers of unemployed and the monthly unemployment rate are estimates based on results of the European Union Labour Force Survey which is a household survey carried out in all countries on the basis of agreed definitions. These results are interpolated/ extrapolated to monthly data using national survey data and national monthly series on registered unemployment. The most recent figures are therefore provisional; first results from the Labour Force Survey are available 90 days after the end of the reference period for most Member States.

Monthly unemployment and employment series are calculated first at the level of four categories for each Member State (males and females 15-24 years, males and females 25-74 years). These series are then seasonally adjusted and all the national and European aggregates are calculated. Before the aggregation, missing national data are estimated using the most recent trends of the series.

Registered unemployed data are national administrative data compiled on a purely national basis and for national purposes. There are no European-wide rules on definition and coverage. Therefore the ensuing unemployment rates cannot be compared from one country to another. National legislation on the definition of unemployment and therefore its calculation can change in individual states. The conditions to receive unemployment benefits and assistance vary from one country to another. This affects the willingness of people to register themselves and, hence, the published unemployment rates.

Member States may also publish other rates than register based unemployment rates, for example based on national Labour Force Surveys or corresponding surveys. Although still internationally comparable, these rates may vary to a minor extent from those published by Eurostat due to different methodological choices.

Current deviations from definition of unemployment in the EU Labour Force Survey

Spain, United Kingdom: Unemployment is restricted to persons aged 16-74. In Spain the legal age limit for working is 16.

Netherlands: Persons without a job, who are available for work and looking for a job are only included in unemployment if they express that they would like to work.

The March 2007 unemployment rate for the EU27 has been revised. The rate published in News Release 59/2007 of 2 May 2007 was 7.3%. The rate published for the Eurozone remains unchanged. As a regular update of the calculation process, the most recent EU Labour Force Survey data have been included for several Member States. This has caused a revision in the monthly unemployment rates of more than 0.1 percentage points for Portugal.
Provisional data: the Swedish Labour Force Survey was amended in April 2005 to take further account of the EU harmonised methodology. This break in the series may affect the reliability of the seasonal adjustment.
Provisional data based on the German statistical office's telephone survey. European aggregates have been compiled using smoothed German seasonally adjusted data from 2003 onwards.
Estimates for France are based on results of the Labour Force Survey that are provisional and may be subject to revision later this year.
Quarterly data.