Bulgaria Sees Minimal Drop in Unemployment in Feb 2014 - Eurostat

Society | April 1, 2014, Tuesday // 15:38| Views: | Comments: 0
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Bulgaria: Bulgaria Sees Minimal Drop in Unemployment in Feb 2014 - Eurostat

Unemployment rates in Bulgaria recorded a minimal 0.1% drop in February to 12.1%, according to latest data published by Eurostat.

The euro area seasonally-adjusted unemployment rate was 11.9% in February 2014, stable since October 2013. It was 12.0% in February 2013. The EU unemployment rate was 10.6% in February 2014, down from 10.7% in January 2014. It was 10.9% in February 2013, the statistical office of the European Union data shows.

Eurostat estimates that 25.920 million men and women in the EU, of whom 18.965 million were in the euro area, were unemployed in February 2014. Compared with January 2014, the number of persons unemployed decreased by 65000 in the EU and by 35 000 in the euro area. Compared with February 2013, unemployment decreased by 619000 in the EU, and by 166000 in the euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.1%) and Luxembourg (6.1%), and the highest in Greece (27.5% in December 2013) and Spain (25.6%). Compared with a year ago, the unemployment rate increased in eleven Member States, fell in fifteen and remained stable in Romania and Sweden.

The highest increases were registered in Cyprus (14.7% to 16.7%), Greece (26.3% to 27.5% between December 2012 and December 2013), Italy (11.8% to 13.0%) and the Netherlands (6.2% to 7.3%). The largest decreases were observed in Hungary (11.2% to 8.3% between January 2013 and January 2014), Latvia (13.8% to 11.6%) between the fourth quarters of 2012 and 2013), Portugal (17.5% to 15.3%), and Ireland (13.7% to 11.9%).

In February 2014, the unemployment rate in the United States was 6.7%, up from 6.6% in January 2014, but down from7.7% in February 2013.

In February 2014, 5.392 million young persons under 25 were unemployed in the EU, of whom 3.415 million were in the euro area. Compared with February 2013, youth unemployment decreased by 295000 in the EU and by 194000 in the euro area. In February 2014, the youth unemployment rate was 22.9% in the EU and 23.5% in the euro area, compared with 23.6% and 24.0% respectively in February 2013. In February 2014, the lowest rates were observed in Germany (7.7%), Austria (9.4%) and the Netherlands (11.5%), and the highest in Greece (58.3% in December 2013), Spain (53.6%) and Croatia (48.8% in the fourth quarter of 2013).

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