Eurozone unemployment remains stable in May

Eurozone’s unemployment rate remained stable at 11.6% in May while slightly dropping from May 2013’s 12%, the EU’s statistical office Eurostat has revealed.

Among the member states, the lowest unemployment rates were recorded in Austria (4.7%), Germany (5.1%) and Malta (5.7%), and the highest in Greece (26.8% in March 2014) and Spain (25.1%).

Compared with a year ago, the unemployment rate fell in twenty one member states, increased in six and remained stable in Austria.

The largest decreases were registered in Hungary (10.5% to 7.9% between April 2013 and April 2014), Portugal (16.9% to 14.3%) and Ireland (13.9% to 12.0%), and the highest increases in Luxembourg (5.8% to 6.3%), Italy (12.1% to 12.6%), Finland (8.1% to 8.5%) and the Netherlands (6.6% to
7.0%).

In Italy, Istat has revealed that in May 2014 22.360m people were employed, +0.2% compared with April 2014. While, the number of unemployed people was of 3.222m, +0.8% with respect to the previous month.

 

Madrid

The Fund Selector Roundtable Spain takes place on 16 September 2014 at the ME Madrid Reina Victoria.

Click here for further details and to register: http://events.investmenteurope.net/spain

To connect with peers before the event visit: https://www.linkedin.com/groups?gid=8113576

 

 

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