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February 2009 euro area unemployment up to 8.5 per cent

Wed, Apr 01 2009 13:43 CET

byClive Leviev-Sawyer

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February 2009 euro area unemployment up to 8.5 per cent

SHOP TALK: A worker boards up a shop window near the Bank of England ahead of anti-G20 demonstration

The euro area seasonally-adjusted unemployment rate was 8.5 per cent in February 2009, compared with 8.3 per cent in January. It was 7.2 per cent in February 2008.

Eurostat, the Statistical Office of the European Commuunities, said on April 1 2009 that unemployment across the 27 member states of the European Union was 7.9 per cent in February 2009, compared with 7.7 per cent in January. It was 6.8 per cent in January 2008.

Eurostat estimates that 19.156 million men and women in the EU27, of which 13.486 million were in the euro area, were unemployed in February 2009.

Compared with January, the number of jobless people increased by 478 000 in the EU27 and by 319 000 in the euro area.

Compared with February 2008, unemployment went up by 3.019 million in the EU27 and by 2.125 million in the euro area.

Among EU member states, unemployment was lowest in the Netherlands (2.7 per cent), and the highest rates in Spain (15.5 per cent), Latvia (14.4 per cent) and Lithuania (13.7 per cent).

Compared with a year ago, seven EU member states recorded a fall in their unemployment rate, 19 an increase and the rate remained stable in one.

The largest falls were observed in Bulgaria (6.2 per cent to 5.5 per cent) and Slovakia (10.2 per cent to 9.8 per cent), and the highest increases in Lithuania (4.4 per cent to 13.7 per cent), Latvia (6.1 per cent to 14.4 per cent) and Spain (9.3 per cent to 15.5 per cent).

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