11th July 2013

Euro area unemployment up again

The euro area seasonally-adjusted unemployment rate was 12.2% in May 2013, up by 0.1% compared to April 2013. The EU27 unemployment rate was stable – 11.0%. Eurostat estimates that 26.522 million EU citizens were unemployed in May 2013. The lowest unemployment rates among the Member States were recorded in Austria (4.7%), Germany (5.3%) and Luxembourg (5.7%), and the highest rates were measured in Spain (26.9%) and Greece (26.8% in March 2013).

Youth unemployment was 23.1% in the EU27 and 23.9% in the euro area, slightly less than in April 2013. the lowest rates were observed in Germany (7.6%), Austria (8.7%) and the Netherlands (10.6%). The highest numbers of young and unemployed are in Greece (59.2% in March 2013) and Spain (56.5%).

The unemployment rate in the Czech republic was 7.2%, stable compared to April 2013. Youth unemployment was 18.7%, down from 19.5% in April 2013.

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Members of the American Chamber of Commerce in the Czech Republic