The Eurozone seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared to September 2014, but down from 11.9% in October 2013. The EU 28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down from 10.7% in October 2013. The figures were published by the statistical office of the European Union, Eurostat. Eurostat estimated that 24.413 million men and women in the EU, of whom 18.395 million in the Eurozone, were unemployed in October 2014. Compared with September 2014, the number of persons unemployed increased by 42.000 in the EU and by 60.000 in the Eurozone. Compared with October 2013, unemployment fell by 1.549 million in the EU and by 547.000 in the Eurozone. Among the member-states, the lowest unemployment rates were recorded in Germany (4.9%) and Austria (5.1%), and the highest in Greece (25.9% in August 2014) and Spain (24.0%). Compared to a year ago, the unemployment rate in October 2014 fell in 22 members-tates, increased in 5 and remained stable in Luxembourg. The largest decreases were registered in Hungary (10.0% to 7.3% between September 2013 and September 2014), Portugal (15.6% to 13.4%), Spain (26.0% to 24.0%), Bulgaria (13.0% to 11.1%) and Greece (27.8% to 25.9% between August 2013 and August 2014), and the highest increases were registered in Italy (12.3% to 13.2%) and Finland (8.3% to 8.9%). Youth unemployment: In October 2014, 4.983 million young persons under 25 were unemployed in the EU, of whom 3.356 million were in the Eurozone. Compared with October 2013, youth unemployment decreased by 504,000 in the EU and by 141,000 in the Eurozone. In October 2014, youth unemployment rate was 21.6% in the EU and 23.5% in the Eurozone, compared to 23.3% and 24.0% respectively in October 2013. In October 2014, the lowest rates were observed in Germany (7.7%), the Netherlands (9.7%) and Austria (10.0%), while the highest in Spain (53.8%), Greece (49.3% in August 2014), Italy (43.3%) and Croatia (41.5% in the third quarter 2014).
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