Euro area unemployment rate at 11.2%

Euro area unemployment rate at 11.2%,

EU27 at 10.4%

Eurostat, the statistical office of the European Union published new figures about the unemployment rate in the Euro area and EU27 in June 2012.

The euro area (EA17) seasonally adjusted unemployment rate was 11.2% in June 2012 (10.0% in June 2011). The EU27 unemployment rate was 10.4% in June 2012 (9.5% in June 2011).
Eurostat estimates that 25.112 million men and women in the EU27, of whom 17.801 million were in the euro area, were unemployed in June 2012. Compared with June 2011, unemployment rose by 2.165 million in the EU27 and by 2.024 million in the euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.5%), the Netherlands (5.1%), Germany and Luxembourg (both 5.4%), and the highest in Spain (24.8%) and Greece (22.5% in April 2012)

A regards young people (under 25) In June 2012, 5.472 million were unemployed in the EU27, of whom 3.359 million were in the euro area. In June 2012, the youth unemployment rate was 22.6% in the EU27 and 22.4% in the euro area. In June 2011 it was 21.2% and 20.5% respectively. In June 2012 the lowest rates were observed in Germany (7.9%), Austria (8.8%) and the Netherlands (9.3%), and the highest in Greece (52.8% in April 2012) and Spain (52.7%).

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[ http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/3-31072012-BP/EN/3-31072012-BP-EN.PDF ]http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/3-31072012-BP/EN/3-31072012-BP-EN.PDF