Euro Area Unemployment Rate at 10.0% in December


The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in December 2010, unchanged compared with November. It was 9.9% in December 2009.

The EU27 unemployment rate was 9.6% in December 2010, unchanged compared with November4. It was 9.5% in December 2009.

Eurostat estimates that 23.179 million men and women in the EU27, of whom 15.775 million were in the euro area, were unemployed in December 2010. Compared with November, the number of persons unemployed fell by 19 000 in the EU27 and by 73 000 in the euro area. Compared with December 2009, unemployment rose by 434 000 in the EU27 and by 178 000 in the euro area.

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.3%), Luxembourg (4.9%) and Austria (5.0%), and the highest in Spain (20.2%), Lithuania and Latvia (both 18.3% in the third quarter of 2010).

Compared with a year ago, the unemployment rate fell in eight Member States, remained stable in the United Kingdom and increased in eighteen. The largest falls were observed in Malta (7.3% to 6.2%), Sweden (8.9% to 7.8%), Germany (7.4% to 6.6%) and Finland (8.8% to 8.1%). The highest increases were registered in Lithuania (14.3% to 18.3% between the third quarters of 2009 and 2010), Greece (9.7% to 12.9% between the third quarters of 2009 and 2010), Bulgaria (8.6% to 10.1%) and Slovenia (6.4% to 7.8%).

Between December 2009 and December 2010, the unemployment rate for males rose from 9.8% to 9.9% in the euro area and remained stable at 9.6% in the EU27. The female unemployment rate increased from 10.0% to 10.1% in the euro area and from 9.3% to 9.6% in the EU27.

In December 2010, the youth unemployment rate (under-25s) was 20.4% in the euro area and 21.0% in the EU27. In December 2009 it was 20.1% and 20.5% respectively. The lowest rates were observed in the Netherlands (8.2%), Germany (8.6%) and Austria (10.5%), and the highest in Spain (42.8%), Slovakia (37.3%) and Lithuania (35.3% in the third quarter of 2010).


TradingEconomics.com, Eurostat
2/10/2011 11:23:53 AM