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Tuesday, 8 January 2013

Youth unemployment in the European Union increases to 23.7% in November 2012

Eurostat, the statistical office of the European Union has today published the unemployment figures for November 2012.

For the EU area as a whole the unemployment rate was 11.8% the same as in October 2012 but an increase from 10.0% in November 2011. For the seventeen countries in the Euro Area there was an increase of 0.1% taking the rate to 11.8% in contrast to 2011 when the rate was 10.6%.

Spain continues to have the highest level of overall unemployment at 26.6%, with Greece coming a close second with 26.0% and Portugal third at 16.3%.

Looking at those people under 25 years of age; in the EU youth unemployment stood at 23.7% whereas in the Euro Area this had increased to 24.4%. In the case of Greece and Spain the rates were reported at over twice the average for the EA coming in at 57.6% and 56.5% respectively. Almost 6 out of 10 of those under 25 years old are unemployed.

Read the full report: 3-08012013-BP-EN.PDF (application/pdf Object)

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