Tue, Feb 07 2012

Euro zone unemployment 'stable' at 10 per cent

Fri, Jul 30 2010 15:26 CET

byThe Sofia Echo staff

2217 Views
Euro zone unemployment 'stable' at 10 per cent

Photo: Reuters

Unemployment, seasonally-adjusted, in the euro zone was 10 per cent in June 2010, unchanged compared with May, Eurostat said on July 30 2010.

Euro area unemployment was 9.5 per cent in June 2009.

EU27 unemployment was 9.6 per cent in June 2010, unchanged compared with May. It was nine per cent in June 2009.

Eurostat estimates that 23.062 million men and women in the EU27, of whom 15.771 million were in the euro area, were unemployed in June 2010. Compared with May 2010, the number of people unemployed decreased by 32 000 in the EU27, while it increased by 6 000 in the euro area.

Compared with June 2009, unemployment rose by 1.466 million in the EU27, and by 0.788 million in the euro area.

Among EU member states, the lowest unemployment rates was in Austria (3.9 per cent) and the Netherlands (4.4 per cent), and the highest rates in Spain (20 per cent),Latvia (20 per cent in the first quarter of 2010), and Estonia (19 per cent in the first quarter of 2010).

Compared with a year ago, four EU member states recorded a fall in unemployment, one remained stable and 22 showed an increase, Eurostat said.

The largest decreases were in Austria (5.1 per cent to 3.9 per cent), Malta (7.2 per cent to 6.5 per cent) and Germany (7.7 per cent to seven per cent) . The highest increases were in Estonia (11 per cent to 19 per cent between the first quarters of 2009 and 2010) and Latvia (13.4 per cent to 20 per cent between the first quarters of 2009 and 2010).

Between June 2009 and June 2010, unemployment among men rose from 9.3 per cent to 9.8 per cent in the euro area and from 9.1 per cent to 9.7 per cent in the EU27.

Among women, unemployment increased from 9.7 per cent to 10.2 per cent in the euro area and from 8.9 per cent to 9.5 per cent in the EU27.

In June 2010, the youth unemployment rate (under-25s) was 19.6 per cent in the euro area and 20.3 per cent in the EU27. In June 2009 it was 19.5 per cent and 19.6 per cent, respectively. The lowest rate was in the Netherlands (8.1 per cent), and the highest in Spain (40.3 per cent), Estonia (39.8 per cent in the first quarter of 2010) and Latvia (39.5 per cent in the first quarter of 2010).

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Euro zone unemployment unchanged at 10 per cent in July

Among EU member states, the lowest unemployment was in in Austria (3.8 per cent) and the Netherlands (4.4 per cent in June 2010), and the highest in Spain (20.3 per cent), Latvia (20.1 per cent in the first quarter of 2010) and Estonia (18.6 per cent in the second quarter of 2010).

EU, euro zone business and economic sentiment indicators improve

July 2010 saw the euro area Business Climate Indicator improve after a ‘pause’ in June, while the Economic Sentiment Indicator went up in the EU and the euro zone, strongly influenced by markedly positive readings in Germany.

European Parliament proposes four-month limit on unemployment among young people

A 'European Youth Guarantee' to ensure that young people do not remain jobless for more than four months is among proposals made by MEPs in a resolution adopted on July 6 2010 on improving access to the labour market for young people.

Bulgarian unemployment in June 2010 at 9.26%

Mladenov, speaking during a visit to the Bulgarian port city of Varna, said that over the course of the last four months, official unemployment level has dropped by a full percentage point.

More in this category

Bulgaria among EU’s lowest government debt-to-GDP ratios – Eurostat

At the end of Q3 2011, the highest government debt to GDP ratio was in Greece, at 159.1 per cent.

Bulgaria calls for rapid adoption of UN Security Council resolution on Syria

Foreign Minister Nikolai Mladenov says that Bulgaria supports the draft Security Council resolution presented by Morocco because it outlines a peaceful transition process that is the only way to stop the killings of civilians in Syria.

Opting in

Bulgaria ready to join new European fiscal pact, Finance Minister says.

Foreign Ministry urges Bulgarians to leave Syria

'We advise all who intend to travel to Syria to not proceed, regardless of the purpose of the visit,'the Foreign Ministry in Sofia said.

Prepare contingency plans to deal with economic downturn, World Bank urges emerging Europe

Countries in the region of Europe and Central Asia should evaluate their vulnerabilities and prepare contingencies to deal with both the immediate and longer-term effects of an economic downturn.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.