Romania’s unemployment rate at 7.5 pct in August, says Eurostat

Newsroom 01/10/2013 | 14:32

Romania reported a seasonally-adjusted unemployment rate of 7.5 percent in August, the same level as the previous two months but up from 6.9 percent in August 2012, according to data from Eurostat, the statistical office of the European Union.

The euro area (EA17) seasonally-adjusted unemployment rate was 12.0 percent in August 2013, stable compared July, according to the same source. The EU28 unemployment rate was 10.9 percent, also stable compared with the previous month. In both zones, rates were up compared with August 2012, when they were 11.5 percent and 10.6 percent respectively.

The lowest unemployment rates were recorded in Austria (4.9 percent), Germany (5.2 percent) and Luxembourg (5.8 percent), and the highest in Greece (27.9 percent in June 2013) and Spain (26.2 percent). Compared with a year ago, the unemployment rate increased in sixteen member states, fell in eleven and remained stable in Poland. The highest increases were registered in Cyprus (12.3 percent to 16.9 percent) and Greece (24.6 percent to 27.9 percent between June 2012 and June 2013). The largest decreases were observed in Latvia (15.6 percent to 11.4 percent between the second quarters of 2012 and 2013) and Estonia (10.1 percent to 7.9 percent between July 2012 and July 2013). In August 2013, the unemployment rate in the United States was 7.3 percent, down from 7.4 percent in July 2013 and from 8.1 percent in August 2012


Youth unemployment

In August 2013, there were 5.499 million unemployed young persons (under 25) in the EU28, of whom 3.457 million were in the euro area. This represented a youth unemployment rate was 23.3 percent in the EU28 and 23.7 percent in the euro area, compared with 23.1 percent and 23.4 percent respectively in August 2012. In August 2013, the lowest rates were reported in Germany (7.7 percent) and Austria (8.6 percent), and the highest in Greece (61.5 percent in June 2013), Spain (56.0 percent) and Croatia (52.0 percent in the second quarter of 2013).

Youth unemployment rate in Romania stood at 23.5 percent in June 2013, according to the most recent data from Eurostat.

Simona Bazavan

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