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News : EU Economy Last Updated: Jun 4, 2015 - 3:33 AM


Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
By Michael Hennigan, Finfacts founder and editor
Jun 3, 2015 - 10:46 AM

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The Eurozone (EA19) seasonally-adjusted unemployment rate was 11.1% in April 2015, down from 11.2% in March 20154 , and down from 11.7% in April 2014. The EU28 unemployment rate was 9.7% in April 2015, stable compared with March 2015 and down from 10.3% in April 2014 according to Eurostat, the statistics office of the European Union.

Eurostat estimates that 23.504m men and women in the EU28, of whom 17.846m in the Eurozone, were unemployed in April 2015. Compared with March 2015, the number of persons unemployed decreased by 126,000 in the EU28 and by 130,000 in the Eurozone. Compared with April 2014, unemployment fell by 1.545m in the EU28 and by 849,000 in the Eurozone.

Member States: Among the member countries the lowest unemployment rate in April 2015 was recorded in Germany (4.7%), and the highest in Greece (25.4% in February 2015) and Spain (22.7%). Compared with a year ago, the unemployment rate in April 2015 fell in twenty-two member states and increased in six.

The largest decreases were registered in Spain (24.9% to 22.7%), Lithuania (11.1% to 8.9%) and Ireland (11.8% to 9.7%). The increases were registered in Belgium (8.4% to 8.5%), Romania (6.8% to 6.9%), Austria (5.5% to 5.7%), France (10.1% to 10.5%), Croatia (17.1% to 17.5%) and Finland (8.5% to 9.4%).

In April 2015, the unemployment rate in the United States was 5.4%, down from 5.5% in March 2015 and down from 6.2% in April 2014.

Youth unemployment: In April 2015, 4.746m young persons (under 25) were unemployed in the EU28, of whom 3.168m were in the Eurozone. Compared with April 2014, youth unemployment decreased by 478 000 in the EU28 and by 270 000 in the Eurozone.

In April 2015, the youth unemployment rate5 was 20.7% in the EU28 and 22.3% in the Eurozone, compared with 22.5% and 23.9% respectively in April 2014. In April 2015, the lowest rates were observed in Germany (7.2%), Austria and Denmark (both 10.1%), and the highest in Greece (50.1% in February 2015), Spain (49.6%), Croatia (45.5% in the first quarter 2015) and Italy (40.9%).

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).

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