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Eurozone: unemployment stable in May, the highest in Greece

11,1%, the lowest since March 2012, 9.6% is the rate in the EU28

30 June, 15:55
(ANSA) - BRUSSELS - The euro area (EU19) unemployment rate was 11.1% in May 2015, stable compared with April 2015, and down from 11.6% in May 2014. This is the lowest rate recorded in the euro area since March 2012, according to Eurostat. The EU28 unemployment rate was 9.6% in May 2015, also stable compared with April 2015 and down from 10.3% in May 2014. This is the lowest rate recorded in the EU28 since July 2011.

Among the Member States, the lowest unemployment rate in May 2015 was recorded in Germany (4.7%), and the highest in Greece (25.6% in March 2015), Spain (22.5%), followed by Cyprus (16%), Croatia (15.8%), Portugal (13.2%), Italy (12.4%) and Slovakia (11.8%). Compared with a year ago, the unemployment rate in May 2015 fell in twenty-two Member States, increased in five and remained stable in Cyprus. The largest decreases were registered in Lithuania (11.0% to 8.2%), Spain (24.7% to 22.5%) and Ireland (11.7% to 9.8%). The increases were registered in Belgium (8.4% to 8.6%), France (10.1% to 10.3%), Romania (6.8% to 7.1%), Austria (5.6% to 6.0%) and Finland (8.6% to 9.4%).

In May 2015, 4.707 million young persons (under 25) were unemployed in the EU28, of whom 3.136 million were in the euro area. Compared with May 2014, youth unemployment decreased by 450,000 in the EU28 and by 300,000 in the euro area. In May 2015, the youth unemployment rate was 20.6% in the EU28 and 22.1% in the euro area, compared with 22.2% and 23.8% respectively in May 2014. In May 2015, the lowest rates were observed in Germany (7.1%), Denmark (10.0%) and Austria (10.1%), and the highest in Greece (49.7% in March 2015), Spain (49.3%), Croatia (43.6% in the first quarter 2015) and Italy (41.5%).

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