Eurostat: unemployment in Europe at 10.5%

According to June statistics provided by Eurostat, 11.5 percent of Europeans in the euro zone are unemployed. This is the lowest unemployment figure for the euro zone since September 2012. Meanwhile, in the entire European Union the unemployment figures show 10.2 percent of citizens out of work. This is equal to about 25 million people. The current unemployment figure for the EU the lowest result since March 2012. The best results were seen in Germany and Austria, which both oscillate at around 5 percent unemployment. On the other hand, Spain (27.3 percent) and Greece (24.5 percent) are continuing to struggle with high unemployment. Eurostat's unemployment calculation methodology puts Polish unemployment at a mere 9.5 percent, which is considerably lower than the Central Statistics Office (GUS) calculation of 12 percent. Probably the most concerning element of the unemployment statistics is the amount of young people without work. Over five million young people are out of work, which accounts for 22 percent youth unemployment in the EU. In Germany and Austria, youth unemployment is at 7.8 and 9.0 percent respectively. In Greece and Spain, 56.3 and 53.5 percent of youths are without gainful employment.