Ireland enjoys joint largest fall in unemployment

Ireland's unemployment rate experienced the joint largest fall in Europe last month, according to the European Union's statistics body.

Eurostat says the unemployment rate for the whole of Europe was 12% in December.

Both Ireland and Latvia's rate fell from 14% to 12.1% when compared with December 2012.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.1%) and Luxembourg (6.2%), and the highest in Greece (27.8% in October 2013) and Spain (25.8%).

The lowest rates of youth unemployment were observed in Germany (7.4%) and Austria (8.9%), and the highest in Greece (59.2% in October 2013), Spain (54.3%) and Croatia (49.2% in the fourth quarter of 2013).

In December 2013, the unemployment rate in the United States was 6.7%, down from 7% in November 2013 and from 7.9% in December 2012.

KEYWORDS: Unemployment
  • Click to stay connected with more stories like this
  • Sign up here to receive news by email. Once per day, no spam.

Most Read in Business

World Market

Currency Rates