In January 2014, seasonally-adjusted unemployment rate was 12.0% in the euro area, remaining stable since October 2013, according to Eurostat findings published today. This figure was also 12.0% in January 2013. Regarding the EU28 unemployment rate, this was 10.8% in January 2014, stable since October 2013 and slightly reduced since January 2013, when the rate was 11.0%.

Eurostat estimates that 26.231 million men and women in the EU28, of whom 19.175 million were in the euro area, were unemployed in January 2014. Compared with December 2013, the number of persons unemployed increased by 17 000 in both the EU28 and the euro area. Compared with January 2013, unemployment decreased by
449 000 in the EU28, and by 67 000 in the euro area.

Highest unemployment in Greece

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.0%) and Luxembourg (6.1%), and the highest in Greece (28.0% in November 2013) and Spain (25.8%).

Compared with a year ago, the unemployment rate increased in 13 Member States, fell in 13 and remained stable in Austria and Slovenia. The highest increases were registered in Cyprus (14.4% to 16.8%), Greece (26.3% to 28.0% between November 2012 and November 2013), Croatia (17.4% to 18.8%), Italy (11.8% to 12.9%) and the Netherlands (6.0% to 7.1%). The largest decreases were observed in Latvia (14.3% to 11.5% between the fourth quarters of 2012 and 2013), Portugal (17.6% to 15.3%), Hungary (11.1% to 8.8% between December 2012 and December 2013), Ireland (13.8% to 11.9%), and Lithuania (12.8% to 11.3%).

Youth unemployment

In January 2014, 5.556 million young persons (under 25) were unemployed in the EU28, of whom 3.539 million were in the euro area. Compared with January 2013, youth unemployment decreased by 171 000 in the EU28 and by 87 000 in the euro area.

In particular, in January 2014, the youth unemployment rate was 23.4% in the EU28 and 24.0% in the euro area, compared with 23.7% and 24.1% respectively in January 2013. The lowest rates were observed in Germany (7.6%), Austria (10.5%) and the Netherlands (11.1%), and the highest in Greece (59.0% in November 2013), Spain (54.6%) and Croatia (49.8% in the fourth quarter of 2013).