Unemployment rate remains below EU average (1)

Male unemployment still stood stagnant, at 9.4 percent. (Pärnu Postimees/Scanpix)
4/1/2015 9:18 AM
Category: Economy

Estonia's seasonally-adjusted 6.2 percent unemployment rate is significantly below the EU 9.8 percent and euro area (EA) 11.3 percent average, reports Eurostat.

The average unemployment rate in both EU and EA are at its lowest in years. The total number unemployed people in the union in February was estimated at slightly below 24 million. Compared to a month before, the number decreased by 91,000.

Estonia registered one of the largest decreases in a year (8.4 percent to 6.2 percent between January 2014 and January 2015), alongside Ireland and Bulgaria.

The youth unemployment, although also below EU average (21.1 percent) was a much higher 13.9 percent in January 2015.

Estonia also stands out for having a higher unemployment rate for males (6.8 percent) than females (5.6 percent).

 


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