Unemployment increases slightly in June 2015 y-o-y

In June 2015, the seasonally adjusted unemployment rate was 7.0 percent, 0.1 percent lower against the previous month, shows data from the INS.

Year on year, there was an increase of 0.2 percentage points.

Eurostat estimates that the EU-28 unemployment rate was 9.6 percent in June 2015, stable compared with May 2015 and down from 10.2 percent in June 2014.

23.2 million men and women in the EU-28 were unemployed in June 2015. Compared with May 2015, the number of persons unemployed decreased by 32,000 in the EU-28. Compared with June 2014, unemployment fell by 1,448,000 in the EU-28.

Among the Member States, the lowest unemployment rates in June 2015 were recorded in Germany (4.7 percent) and the Czech Republic (4.9 percent), and the highest in Greece (25.6 percent in April 2015) and Spain (22.5 percent).

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In June 2015, 4.7 million young persons (under 25) were unemployed in the EU-28. Compared with June 2014, youth unemployment decreased by 386,000 in the EU-28 to a rate of 20.7 percent, compared with 22.1 percent in June 2014.

The number of unemployed people aged 15-74 years was estimated for June of the current year to 642 thousand, down from the previous month (646,000 people) and increasing compared to the same month previous year (626,000 people).

By gender, men’s unemployment rate exceeds by 2.0 percentage points that of women (7.9 percent for males and 5.9 percent for females).

In Europe, for the first time since the calculation of EU-28 unemployment statistics started (in 2000), the unemployment rate for women was lower than that for men in 2009, and remained so in 2010. In 2011, this effect reversed again, with female unemployment rates at 9.7 percent against 9.6 percent for males. The gap has remained unchanged until 2013, when the two rates for the EU-28 peaked at 10.8 percent for men and 10.9 percent for women. In 2014 the rates stood at 11.5 percent for men and at 11.8 percent for women. Male unemployment rates were higher than the corresponding rates for women during 2014 in 15 out of 28 member states. The gap between male and female unemployment rates varied from -6.5 percentage points in Greece to +3.5 percentage points in Ireland.

For adults (25-74 years) in Romania unemployment rate was estimated at 5.6 percent for the month of June 2015 (6.5 percent for men and 4.5 percent in women). The number of unemployed in this age group represent 73.9 percent of the total number of unemployed estimated for the month of June 2015.

Natalia Martian