If you wish to add a comment to any of my articles please do so as I am always pleased to have a contribution from any reader as this increases the interest for other visitors.

Friday, 31 May 2013

Euro area unemployment rate increases to 12.2%

The Euro Area (EA17) seasonally-adjusted unemployment rate was 12.2% in April 2013, up from 12.1% in March. The European Union (EU27) unemployment rate was 11.0%, unchanged compared with the previous month. In both zones, rates have risen markedly compared with April 2012, when they were 11.2% and 10.3% respectively.

With Spain recording an annual increase from 24.4% to 26.8% the country remains as having the second highest level of unemployment in the EU27. Greece remains in first position with an increase from 21,9% to 27.0% and Portugal comes in third recording an annual increase from 15.4% to 17.8%.

In April 2013, 5.627 million young persons (under 25) were unemployed in the EU27, of whom 3.624 million were in the euro area. Compared with April 2012, youth unemployment rose by 100 000 in theEU27 and by 188 000 in the euro area. In percentage terms, the youth unemployment rate was 23.5% in the EU27 and 24.4% in the euro area, compared with 22.6% in both zones in April 2012. The highest youth unemployment was in Greece (62.5% in February 2013), Spain (56.4%), Portugal (42.5%) and Italy (40.5%).

These figures are published by Eurostat, the statistical office of the European Union.

No comments:

Post a Comment

Please be courteous and add your name rather than 'Anonymous' to your comment, as it may not be published. In the 'Comment as' box above use the drop-down menu and select 'Name/URL'. In the 'Edit profile' pop-up enter your name and press continue. There will be a period of delay before your comment appears on the article until I receive the automatic notification that you have made one and can authorised its publication.

Any comment that includes vulgar language, racist remarks or anything of that nature will either be edited or not published at my discretion.