Magazine article European Social Policy

Unemployment : Jobless Rate Still Exceeds 10% in Eu

Magazine article European Social Policy

Unemployment : Jobless Rate Still Exceeds 10% in Eu

Article excerpt

The eurozone seasonally adjusted unemployment rate was 10.7% in January 2012, compared with 10.6% in December 2011 (10% in January 2011). In the EU27, the unemployment rate was 10.1% in January 2012, compared with 10% in December 2011 (9.5% in January 2011), Eurostat reported, on 1 March.

Eurostat estimates that 24.325 million men and women were unemployed in January 2012 in the EU27, of whom 16.925 million in the eurozone.

The lowest unemployment rates were recorded in Austria (4%), the Netherlands (5%) and Luxembourg (5.1%), and the highest in Spain (23.3%), Greece (19.9% in November 2011), Ireland and Portugal (both 14.8%).

The largest declines in unemployment were observed in Latvia (18.2% to 14.7%), Lithuania (17.5% to 14.3%) and Estonia (13.9% to 11.7%). The highest increases were registered in Greece (14. …

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