Eurozone Unemployment Rate at 12-Year High

The euro area (EA16) seasonally-adjusted unemployment rate was 10.1% in April 2010, compared with 10.0% in March. It was 9.2% in April 2009. The EU27 unemployment rate was 9.7% in April 2010, unchanged compared with March. It was 8.7% in April 2009.

image

Eurostat estimates that 23.311 million men and women in the EU27, of whom 15.860 million were in the euro area, were unemployed in April 2010. Compared with March 2010, the number of persons unemployed increased by 25 000 in both the EU27 and the euro area. Compared with April 2009, unemployment went up by 2.400 million in the EU27 and by 1.275 million in the euro area.

The lowest unemployment rates were recorded in the Netherlands (4.1%) and Austria (4.9%), and the highest rates in Latvia (22.5%), Spain (19.7%) and Estonia (19.0% in the first quarter of 2010).

Compared with a year ago, only Germany (7.6% to 7.1%) recorded a fall in the unemployment rate and twenty-six an increase. In the USA, the unemployment rate was 9.9% in April 2010. In Japan it was 5.0% in March 2010.

Full Eurostat release




 

Leave a Reply

Your email address will not be published. Required fields are marked *