MOSCOW, September 30 (RIA Novosti) - The euro area unemployment rate was at 11.5 percent in August, down half a percent from the same time the previous year, Eurostat, EU's statistical office, informed on Tuesday.
"The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in August 2014, stable compared with July 2014, but down from 12.0% in August 2013. The EU28 unemployment rate was 10.1% in August 2014, the lowest value since February 2012," Eurostat wrote.
Greece had the highest unemployment rate among the EU member states, standing at 27 percent, followed by Spain (24 percent) and Croatia (16.5 percent). The lowest unemployment rates were registered in Austria (4.7 percent) and Germany (4.9 percent).
Youth unemployment in the Euro Area stood at 23.3 in the euro area and at 21.6 percent in the whole of EU. In Spain and Greece, over 50 percent of young persons were unemployed.
