Unemployment in the Eurozone remains at 11.1% – Jornal de Negócios – Portugal

In June, the unemployment rate adjusted for seasonality of the 19 members of the eurozone stood at 11.1%, the same as in April and May. Also, unemployment in the EU continued in 9.6%, while in Portugal went down to 12.4%. Since the 12.7% registered in Italy represent a maximum of 38 years.

On average, the unemployment rate in the eurozone and the European Union (EU) remained If stable in June. Data released this Friday, July 31, show that unemployment in the 19 Eurozone countries remained at 11.1%, identical to the verified registration in April and May. In the same period unemployment was at 11.6%. Compared to June of last year, the total number of unemployed in the euro bloc fell by 811,000 to nearly 17.8 million people.

Also the average unemployment rate of the 28 EU countries remained at 9.6% in June this year, equal to the rate that was registered in the previous two months but less than 10, 2% recorded in June 2014. Compared to the same period, the number of unemployed persons decreased in 1.5 million people for a total of 23.3 million unemployed.

Portugal holds a 12.4% unemployment rate, the sixth highest among the 28 member states of the EU. Although unemployment has remained stable compared to May, recorded a decrease compared with the 14.3% recorded in June last year.

Back in Italy the labor market continues to worrying signs, with the rising unemployment of 12.5% ​​in May to 12.7% in June, a rate that is the highest value of the last 38 years in country.

Although Eurostat does not have data for Greece for the months of May and June, the unemployment rate of 25.6% recorded in April will certainly continue to make this country one which has a higher unemployment rate in Europe. For its part, Spain managed to slightly retreat unemployment of 22.6% in May to 22.5% in June, keeping, however, with the second highest unemployment in Europe.

At the opposite pole is still Germany, which has retained a 4.7% unemployment rate, the lowest in throughout the EU. Close remains the Czech Republic with an unemployment rate of 4.9%.

Youth unemployment with slight rise in the euro area

The number of unemployed young people (under 25 years) rose slightly in June this year compared to the previous month. Adjusted for seasonality, the youth unemployment rate rose from 22.3% in May to 22.5% in June. Still, the youth unemployment was below the 23.6% which prevailed in June 2014. In the EU 28, the youth unemployment rate continued to 20.7% for the third consecutive month. In June last year, the young average unemployment in the group of 28 was 22.1%.

Portugal still has one of the highest rates of youth unemployment, which rose in June to 31.6% in relation to 31.1% in May. However, compared to the same period a considerable decrease it appears as youth unemployment in June 2014 was at 35.3%, Eurostat data show.

Spain continues to lead the segment of youth unemployment, with a rate of 49.2%.