Euro Area April Jobless Rate Rises


Euro zone unemployment rose to its highest level in almost 12 years in April but a drop in the number of jobless in Germany in May signaled the labor market could be stabilizing.

The euro area (EA16) seasonally-adjusted unemployment rate was 10.1% in April 2010, compared with 10.0% in March. It was 9.2% in April 2009.

The EU27 unemployment rate was 9.7% in April 2010, unchanged compared with March. It was 8.7% in April 2009.

Eurostat estimates that 23.311 million men and women in the EU27, of whom 15.860 million were in the euro area, were unemployed in April 2010. Compared with March 2010, the number of persons unemployed increased by 25 000 in both the EU27 and the euro area. Compared with April 2009, unemployment went up by 2.400 million in the EU27 and by 1.275 million in the euro area.

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.1%) and Austria (4.9%), and the highest rates in Latvia (22.5%), Spain (19.7%) and Estonia (19.0% in the first quarter of 2010).

Compared with a year ago, one Member State recorded a fall in the unemployment rate and twenty-six an increase. The fall was observed in Germany (7.6% to 7.1%), and the smallest increases in Luxembourg (5.3% to 5.4%) and Malta (6.9% to 7.0%). The highest increases were registered in Estonia (11.0% to 19.0% between the first quarters of 2009 and 2010), Latvia (15.4% to 22.5%) and Lithuania (11.2% to 17.4% between the first quarters of 2009 and 2010).

Between April 2009 and April 2010, the unemployment rate for males rose from 9.0% to 10.0% in the euro area and from 8.7% to 9.8% in the EU27. The female unemployment rate increased from 9.5% to 10.2% in the euro area and from 8.7% to 9.5% in the EU27.

In April 2010, the youth unemployment rate (under-25s) was 20.0% in the euro area and 20.6% in the EU27. In April 2009 it was 19.3% and 19.2% respectively. The lowest rate was observed in the Netherlands (8.0%), and the highest rates in Latvia (44.6% in the first quarter of 2010), Spain (40.3%) and Estonia (39.8% in the first quarter of 2010).


TradingEconomics.com, Eurostat
6/1/2010 9:48:04 AM