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Friday, 29 April 2011

Spain has the highest March unemployment level in the European Union!

Eurostat, the statistical office of the European Union has today published the seasonally adjusted unemployment figures for the month of March for the Euro Area 17 countries and the European Union 27 as a whole.

For the EA 17 countries the figure is 9.9% and for the EU 27 it is 9.5%.

In the case of Spain the figure is 20.7%. This is the highest rate of unemployment in the EU 27 countries. Compared with March 2010 this is an increase of 1.1% over the year on year figures. When looking at the last three months there has been an increase of 0.1% for each month eliminating the reductions seen in the last two months of 2010.

Whilst these figures are alarming they pale a little compared with those for the under 25 year old´s, in Spain where we see a staggering level of 44.6%, the highest level in the EU27. This is a 4.2% increase in the year and includes an upward movement of 0.3% per month over the last three months. For the EU27 we see an average of 20.7% which is a decrease of 0.4%.

For men we see an increase from 19.4% in March 2010 to a current figure of 20.1%, whilst for women the figures are 19.7% to 21.5%. For the EU27 we see the opposite situation with a decrease for men from 9.8% to 9.4% and for women a slight increase from 9.5% to 9.6%.

What effect will the release of these figures have on the way the Spanish electorate votes in the local elections on the 22nd May?

Will the PSOE party be punished in the ballot box for these figures?

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