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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.

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