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Eurozone unemployment remains high

Each month, the unemployment rate in the eurozone is published by Eurostat, the European Union’s statistical office. For the month of April 2014, unemployment across the eurozone was reported to be 11.7 percent.
Kirby Brown, Deseret News Modified: June 6, 2014 at 1:13 pm •  Published: June 10, 2014
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Each month, the unemployment rate in the eurozone is published by Eurostat, the European Union’s statistical office. For the month of April 2014, unemployment across the eurozone was reported to be 11.7 percent compared with 12 percent for April of last year.

For these unemployment measurement purposes, the eurozone is considered to be a specific group of 18 countries. The two countries included in this survey with the lowest unemployment rates are Austria and Germany with reported figures of 4.9 percent and 5.2 percent, respectively.

At the other end of the unemployment spectrum is Spain with an April 2014 unemployment rate of 25.1 percent.

The greatest increases in the reported unemployment rates, on a year-to-year basis, were reported in the Netherlands and Cyprus. The unemployment rate increased during the year from 6.5 percent to 7.2 percent in the Netherlands. In Cyprus, the rate increased from 15.6 percent to 16.4 percent over the same period.

As compared to April 2013, the unemployment rate in April 2014 decreased the most in Hungary, Portugal and Ireland. For example, the unemployment rate reported by Eurostat for Ireland decreased over the past year from 13.7 percent to 11.9 percent.