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Unemployment across the EU increases to 10.8% end Jan

Source: Eurostat - Sat 2th Mar 2013
Unemployment across the EU increases to 10.8% end Jan

A report from the EU Official Office of Statistics - Eurostat - has revealed how the seasonally-adjusted unemployment rate across the 17 Eurozone member states stood at 11.9% by the end of January 2013, up from 11.8% in December 2012. The figure for the 27 members states of the wider European Union came to 10.8%, up from 10.7% in December.

Both rates have risen considerably when compared to January 2012, when they were 10.8% and 10.1% respectively.

Eurostat estimates that there were a total of 26.217 million unemployed men and women in the EU, of whom 18.998 million were in the Eurozone. When compared with December 2012, the number of unemployed increased by 222'000 in the EU and by 201'000 in the Eurozone.

Compared with January 2012, unemployment rose by 1.890 million in the EU and by 1.909 million in the Eurozone.

The lowest unemployment rates were recorded in Austria (4.9%), Germany and Luxembourg (both 5.3%) and the Netherlands (6.0%), and the highest in Greece (27.0% in November 2012), Spain (26.2%) and Portugal (17.6%).

Compared to 2012, the unemployment rate increased in 19 of the 27 EU Member States, fell in 7 and remained stable in Denmark. The largest decreases were observed in Estonia (11.1% to 9.9% between December 2011 and December 2012), Latvia (15.5% to 14.4% between the fourth quarters of 2011 and 2012), Romania (7.4% to 6.6%) and the UK (8.3% to 7.7% between November 2011 and November 2012).

The highest increases were registered in Greece (20.8% to 27.0% between November 2011 and November 2012), Cyprus (9.9% to 14.7%), Portugal (14.7% to 17.6%) and Spain (23.6% to 26.2%).

Between January 2012 and January 2013, the unemployment rate for males increased from 10.6% to 11.8% in the Eurozone and from 10.0% to 10.8% in the EU.

The female unemployment rate rose from 11.0% to 12.1% in the Eurozone and from 10.2% to 10.9% in the EU.

In January 2013, 5.732 million young persons (under 25) were unemployed in the EU, of whom 3.642 million were in the Eurozone. Compared with January 2012, youth unemployment rose by 264'000 in the EU and by 295'000 in the Eurozone.

In January 2013, the youth unemployment rate was 23.6% in the EU and 24.2% in the Eurozone, compared with 22.4% and 21.9% respectively in January 2012.

The lowest rates were observed in Germany (7.9%), Austria (9.9%) and the Netherlands (10.3%), and the highest in Greece (59.4% in November 2012), Spain (55.5%) and Italy (38.7%).

Globally, this compared with an unemployment rate of 7.9% in the USA and 4.2% in Japan

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