In March 2014, the unemployment rate in the Euro Area was at 11,8 % – a slight decrease compared to one year before (12 percent in March 2013). Throughout the EU28, unemployment rate was 10.5% in March 2014. This means that that 25.699 million men and women in the EU28, of whom 18.913 million were in the euro area, were unemployed in March 2014.
Unemployment affects especially the youth: In March 2014, 5.340 million young people (under 25) were unemployed in the EU28, of whom 3.426 million were in the euro area. Therefore, the youth unemployment rate was 22.8% in the EU28 and 23.7% in the euro area, compared with 23.5% and 24.0% in March 2013.
Did the eurozone crisis affect the labour market? Well, yes, of course. Check out the following infographic to get a picture of the massive impact that the eurozone crisis from 2008 onwards actually had on jobs.