Magazine article European Social Policy

Unemployment : Jobless Rate Tops 10% in Eu

Magazine article European Social Policy

Unemployment : Jobless Rate Tops 10% in Eu

Article excerpt

The seasonally adjusted unemployment rate in the eurozone was 11.3% in July 2012, stable compared with June, but well above the July 2011 rate of 10.1%. In the EU27, the jobless rate stood at 10.4% in July 2012, also stable compared with June and higher than the July 2011 rate of 9.6%.

According to estimates published by Eurostat, on 31 August, 25.254 million men and women were unemployed, in July 2012, in the EU27, 18.002 million of them in theeurozone.

The lowest unemployment rates were recorded in Austria (4.5%), the Netherlands (5.3%), Germany and Luxembourg (both 5.5%), and the highest in Spain (25.1%) and Greece (23.1% in May 2012).

Compared with a year ago, the largest declines in unemployment were observed in Estonia (13.2% to 10.1% between the second quarters of 2011 and 2012), Lithuania (15.2% to 13%) and Latvia (17% to 15. …

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