| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy


Finfacts changes from 2015

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Mar 2, 2015 - 2:48 PM


Eurozone unemployment slightly falls; Germany & Austria below 5%
By Michael Hennigan, Finfacts founder and editor
Mar 2, 2015 - 2:40 PM

Email this article
 Printer friendly page

The Eurozone (EA19) seasonally-adjusted unemployment rate was 11.2% in January 2015, down from 11.3% in December 2014 , and from 11.8% in January 2014. This is the lowest rate recorded in the Eurozone since April 2012. The rates of Germany and Austria are below 5% — in effect full employment.

Education & Jobs: Austria has low unemployment, low third level graduate numbers

Ireland: Government explains how it understates recession job losses

The EU281 unemployment rate was 9.8% in January 2015, down from 9.9% in December 2014 and from 10.6% in January 2014. These figures are published by Eurostat, the statistics office of the European Union.

Eurostat estimates that 23.81m men and women in the EU28, of whom 18.06m were in the Eurozone, were unemployed in January 2015. Compared with December 2014, the number of persons unemployed decreased by 156,000 in the EU28 and by 140,000 in the Eurozone.

Compared with January 2014, unemployment fell by 1.82m in the EU28 and by 896,000 in the Eurozone.

Member countries: Among the member countries, the lowest unemployment rates in January 2015 were recorded in Germany (4.7%) and Austria (4.8%), and the highest in Greece (25.8% in November 2014) and Spain (23.4%).

Compared with a year ago, the unemployment rate in January 2015 fell in twenty-four member countries, remained stable in Belgium and increased in Cyprus (15.7% to 16.1%), Finland (8.4% to 8.8%) and France (10.1% to 10.2%).

The largest decreases were registered in Spain (25.5% to 23.4%), Estonia (8.5% to 6.4% between December 2013 and December 2014), and Ireland (12.1% to 10.0%). In January 2015, the unemployment rate in the United States was 5.7%, up from 5.6% in December 2014, but down from 6.6% in January 2014.

Youth unemployment: In January 2015, 4.89m young persons (under 25) were unemployed in the EU28, of whom 3.28m were in the Eurozone. Compared with January 2014, youth unemployment decreased by 562,000 in the EU28 and by 259,000 in the Eurozone.

In January 2015, the youth unemployment rate was 21.2% in the EU28 and 22.9% in the Eurozone, compared with 23.3% and 24.3% respectively in January 2014. In January 2015, the lowest rates were observed in Germany (7.1%), Austria (8.2%) and Denmark (10.8%), and the highest in Spain (50.9%), Greece (50.6% in November 2014), Croatia (44.1% in the fourth quarter 2014) and Italy (41.2%).

Youth in education are not included in calculating the rate — so these rates are not related to the full age cohort.

The Eurozone (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU28 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Croatia (HR), 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). The tables also include Iceland, Norway and the United States.

Related Articles


© Copyright 2015 by Finfacts.ie

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015