11.3%: the lowest unemployment rate in the euro area since May 2012
11.3% unemployment rate in the euro area and 9.8% in the EU28
In the euro area (ZE19), the unemployment rate adjusted for seasonal variations rose to 11.3% in February 2015, down from 11.4% in January 2015 and that of 11.8% in February 2014.
This is the lowest rate in the euro area since May 2012.
In the EU28, the unemployment rate was 9.8% in February 2015, down from the rate of 9.9% January 2015 and that of 10.5% in February 2014.
This is the lowest rate in the EU28 since September 2011.
These figures are published by Eurostat, the statistical office of the European Union. Eurostat estimates that, in February 2015, 23.887 million men and women were unemployed in the EU28, of which 18.204 million in the euro area. Compared with January 2015, the number of unemployed fell by 91,000 in the EU28 and by 49 000 in the euro area. Compared with February 2014, unemployment fell to 1.547 million people in the EU28 and 643 000 in the euro area.
Among the Member States, the lowest unemployment rates in February 2015 were registered in Germany (4.8%) and Austria (5.3%) and the highest in Greece (26.0% in December 2014) and Spain (23.2%).
In one year, the unemployment rate in February 2015 fell in twenty-two Member States and rose in six . The largest decreases were observed in Estonia (8.4% to 6.2% between January 2014 and January 2015), Ireland (12.1% to 9.9%) and Bulgaria (12, 3% to 10,2%). The highest increases were recorded for their in Croatia (17.3% to 18.5%), Cyprus (from 15.6% to 16.3%), Finland (8.4% to 9,1%). In February 2015, the unemployment rate in the US stood at 5.5%, down from the rate of 5.7% between January 2015 and that of 6.7% in February 2014 .
In February 2015, 4,850 million people under 25 were unemployed in the EU28, of which 3.245 million in the euro area. Compared to February 2014, the number of young unemployed fell by 494,000 in the EU28 and 230,000 in the euro area. In February 2015, the youth unemployment rate was 21.1% in the EU28 and 22.9% in the euro area, against 22.9% respectively 24.0% in February 2014. The lowest rates were observed in February 2015 in Germany (7.2%), Austria (9.0%) as well as Denmark (10.2%), and the highest in Greece (51.2% in December 2014) in Spain (50.7%) in Croatia (46.4% in the fourth quarter 2014) and Italy (42.6%).
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 data tables also include Iceland, Norway and the United States.
Eurostat produces harmonized unemployment rates for Member States, the euro area and the EU . These rates are based on definitions recommended by the International Labour Office (ILO). The calculation is based on a harmonized source, the European Survey on Working forces. Based on the definition of the International Labour Office, Eurostat defines unemployed persons as persons aged 15 to 74 who
are without work;
are available to start work within two weeks;
and have actively sought employment during the previous four weeks. The unemployment rate is the number unemployed as a percentage of the labor force. The labor force meanwhile all people employed and unemployed. In this press release, unemployment rates are based on the employment and unemployment data covering persons aged 15 to 74 years.
The non-seasonally adjusted data and the trend cycle are available in the statistical database on the Eurostat website.