Euro-area jobless rate unchanged in August versus July at 12% on seasonally adjusted basis, up from 11.5% a year ago; EU rate unchanged from July at 10.9%, was 10.6% a year ago: Eurostat

Cindy Allen

BRUSSELS , October 1, 2013 (press release) –

The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 12.0% in August 2013, stable compared with July4. The EU281 unemployment rate was 10.9%, also stable compared with July4. In both zones, rates have risen compared with August 2012, when they were 11.5% and 10.6% respectively. These figures are published by Eurostat, the statistical office of the European Union.

In August 2013, 26.595 million men and women were unemployed in the EU28, of whom 19.178 million were in the euro area. Compared with July 2013, the number of persons unemployed remained nearly stable in both the EU28 and the euro area. Compared with August 2012, unemployment rose by 882 000 in the EU28 and by 895 000 in the euro area.

Member States

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (5.8%), and the highest in Greece (27.9% in June 2013) and Spain (26.2%).

Compared with a year ago, the unemployment rate increased in sixteen Member States, fell in eleven and remained stable in Poland. The highest increases were registered in Cyprus (12.3% to 16.9%) and Greece (24.6% to 27.9% between June 2012 and June 2013). The largest decreases were observed in Latvia (15.6% to 11.4% between the second quarters of 2012 and 2013) and Estonia (10.1% to 7.9% between July 2012 and July 2013).

In August 2013, the unemployment rate in the United States was 7.3%, down from 7.4% in July 2013 and from 8.1% in August 2012.

Youth unemployment

In August 2013, 5.499 million young persons (under 25) were unemployed in the EU28, of whom 3.457 million were in the euro area. Compared with August 2012, youth unemployment decreased by 123 000 in the EU28 and by
52 000 in the euro area. In August 2013, the youth unemployment rate5 was 23.3% in the EU28 and 23.7% in the euro area, compared with 23.1% and 23.4% respectively in August 2012. In August 2013, the lowest rates were observed in Germany (7.7%) and Austria (8.6%), and the highest in Greece (61.5% in June 2013), Spain (56.0%) and Croatia (52.0% in the second quarter of 2013).

1. The euro area (EA17) consists of Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, 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 (IS), Norway (NO) and the United States (US).

2. Non-seasonally adjusted and trend data can be found in the statistical database on the Eurostat website. For further details please refer to the Unemployment statistics article in Statistics Explained:

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

3. Eurostat produces harmonised unemployment rates for individual EU Member States, the euro area and the EU. These unemployment rates are based on the definition recommended by the International Labour Organisation (ILO). The measurement is based on a harmonised source, the European Union Labour Force Survey (LFS).

Based on the ILO definition, Eurostat defines unemployed persons as persons aged 15 to 74 who:

- 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 plus unemployed. In this news release unemployment rates are based on employment and unemployment data covering persons aged 15 to 74.

1. The data in this News Release are normally subject to small revisions, caused by the updates to the seasonally adjusted series whenever new monthly data are added. Larger revisions can occur when the most recent LFS data are included in the calculation process. Compared with the rates published in News Release 126/2013 of 30 August 2013, the July 2013 unemployment rate was revised from 12.1% to 12.0% for the EA17 and from 11.0% to 10.9% for the EU28. Among Member States, the rate has been revised by between 0.2 and 0.4 percentage points for Belgium, Bulgaria, Croatia, Luxembourg, Malta, and Slovakia. The rate has been revised downwards by 0.9 percentage points for Cyprus and by 0.8 percentage points for Slovenia.

2. The youth unemployment rate is the number of people aged 15 to 24 unemployed as a percentage of the labour force of the same age. Therefore, the youth unemployment rate should not be interpreted as the share of jobless people in the overall youth population. For further details please refer to the Youth unemployment article in Statistics Explained:

http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Youth_unemployment

5. Latvia: quarterly data for all series.

Croatia, Cyprus, Romania and Slovenia: quarterly data for youth unemployment.

6. For Germany, Austria, Finland and Iceland the trend component is used instead of the more volatile seasonally adjusted data.

Seasonally adjusted unemployment

Totals

Source: Eurostat : Data not available * June 2012 ** July 2012 *** Q2 2012

Seasonally adjusted youth (under 25s) unemployment

Seasonally adjusted unemployment rates (%), by gender

Source: Eurostat : Data not available

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.