EU unemployment hits record high

Author (Person)
Series Title
Series Details 1.2.12
Publication Date 01/02/2012
Content Type

The euro area (EA17) seasonally-adjusted unemployment rate was 10.4% in December 2011, unchanged compared with November 2011. It was 10% in December 2010. The EU27 unemployment rate was 9.9% in December 2011, also unchanged compared with November. It was 9.5% in December 2010.

So-called 'peripheral' members such as Spain and Greece recorded the highest rates, of 22.9% and 19.2% respectively.

By contrast, national data from Germany, the eurozone’s bulwark, showed joblessness declined in January to 6.75, the lowest level since reunification in 1991.
Source Link Link to Main Source http://euobserver.com/9/115096
Related Links
El País, 1.2.12: Poverty trap for middle classes of Europe (via PressEurop) http://www.presseurop.eu/en/content/article/1469391-poverty-trap-middle-classes-europe
EurActiv, 1.2.12: Eurozone joblessness hits record high http://www.euractiv.com/socialeurope/eurozone-joblessness-hits-record-news-510517
Eurostat: News Release No.16, 2012: Euro area unemployment rate at 10.4% http://ec.europa.eu/eurostat/en/web/products-press-releases/-/3-31012012-AP
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