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

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.



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