Sat, May 26 2012

Euro area unemployment hits 10 per cent – Eurostat

Fri, Jan 29 2010 13:42 CET

byThe Sofia Echo Staff

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Euro area unemployment hits 10 per cent – Eurostat

A job seeker visits a National Agency for Employment (Pole Emploi) in Nice, southeastern France, March 5 2009.

Seasonally-adjusted unemployment in the 16-member euro zone was 10 per cent in December 2009, the worst since August 1998, EU statistics office Eurostat said on January 29 2010.
 
In the euro area, unemployment was 9.9 per cent in November 2009 and had been 8.2 per cent in December 2008, Eurostat said.
 
In the 27 member states of the EU, unemployment was 9.6 per cent in December 2009, compared with 9.5 per cent in November 2009. The December figure was the lowest since the current system of measuring joblessness in the EU began in January 2000.
 
Eurostat estimates that 23.012 million men and women in the EU27 , of whom 15.763 million were in the euro area , were unemployed in December 2009.
 
Compared with November, the number of people unemployed increased by 163 000 in the EU27 and by 87 000 in the euro area .
 
Compared with December 2008, unemployment went up by 4.628 million in the EU27 and by 2.787 million in the euro area .
 
Among EU member states, the lowest unemployment rates were in the Netherlands (four per cent) and Austria (5.4 per cent), and the highest rates in Latvia (22.8 per cent) and Spain (19.5 per cent).
 
Compared with a year ago, all EU member states recorded increases in unemployment.
 
The smallest increases were in Germany (7.1 per cent to 7.5 per cent), Luxembourg (5.3 per cent to 6.2 per cent) and Belgium (7.1 per cent to 8.2 per cent).
 
The highest increases were in Latvia (11.3 per cent to 22.8 per cent), Estonia (6.5 per cent to 15.2 per cent between the third quarters of 2008 and 2009) and Lithuania (6.5 per cent to 14.6 per cent between the third quarters of 2008 and 2009).
 
B etween December 2008 and December 2009, the unemployment rate for men rose from 7.8 per cent to 10 per cent in the euro area and from 7.5 per cent to 9.8 per cent in the EU27 .
 
Unemployment among women increased from 8.7 per cent to 10.1 per cent in the euro area and from 7.9 per cent to 9.3 per cent in the EU27 .
 
In December 2009, the youth unemployment rate (under-25s) was 21 per cent in the euro area and 21.4 per cent in the EU27 .
 
In December 2008 it was 17 per cent and 16.9 per cent, respectively. The lowest rate was in the Netherlands (7.6 per cent), and the highest in Spain (44.5 per cent) and Latvia (43.8 per cent in the fourth quarter of 2009).
 

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