Euro area unemployment rate at 10.7%

Euro area unemployment rate at 10.7%
According to Eurostat, the statistical office of the European Union, the Euro area (EA17) seasonally-adjusted unemployment rate was 10.7% in January 2012, compared with 10.6% in December 2011.
Eurostat estimates that 24.32 million men and women in the EU27, of whom 16.92 million were in the euro area, were unemployed in January 2012. Compared with December 2011, the number of persons unemployed increased by 191,000 in the EU27 and by 185,000 in the Euro area. Compared with January 2011, unemployment rose by 1.48 million in the EU27 and by 1.22 million in the euro area.
Among the Member States, the lowest unemployment rates were recorded in Austria (4.0%), the Netherlands (5.0%) and Luxembourg (5.1%), and the highest in Spain (23.3%), Greece (19.9% in November 2011), Ireland and Portugal (both 14.8%).

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