Magazine article European Social Policy

Unemployment : Jobless Rate Stable in Eu, but Rising in Eurozone

Magazine article European Social Policy

Unemployment : Jobless Rate Stable in Eu, but Rising in Eurozone

Article excerpt

The eurotone seasonally adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February 2012 and 9.9% in March 2011. In the EU27, the unemployment rate was 10.2% in March 2012, stable compared with February 2012. It was 9.4% in March 2011. According to estimates published by Eurostat, on 2 May, 24.772 million men and women

were unemployed in March 2012 in the EU27.

Among the member states, the lowest jobless rates were registered in Austria (4%), the Netherlands (5%), Luxembourg (5.2%) and Germany (5.6%), and the highest in Spain (24.1%) and Greece (21.7% in January 2012).

Compared with a year ago, the largest falls in the unemployment rate were observed in Lithuania (from 17.5% to 14.3% between the fourth quarters of 2010 and 2011), Latvia (17.1% to 14.6% between the fourth quarters of 2010 and 2011) and Estonia (13.9% to 11.7% between the fourth quarters of 2010 and 2011). …

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