Euro Area unemployment rate at 11% in April


The euro area (EA17) seasonally-adjusted unemployment rate was 11.0% in April 2012, stable compared with March. It was 9.9% in April 2011.

The EU27 unemployment rate was 10.3% in April 2012, compared with 10.2% in March. It was 9.5% in April 2011. Eurostat estimates that 24.667 million men and women in the EU27, of whom 17.405 million were in the euro area, were unemployed in April 2012. Compared with March 2012, the number of persons unemployed increased by 102 000 in the EU27 and by 110 000 in the euro area. Compared with April 2011, unemployment rose by 1.932 million in the EU27 and by 1.797 million in the euro area. Among the Member States, the lowest unemployment rates were recorded in Austria (3.9%), Luxembourg and the Netherlands (both 5.2%) and Germany (5.4%), and the highest in Spain (24.3%), Greece (21.7% in February 2012), Latvia (15.2% in the first quarter of 2012) and Portugal (15.2%). Compared with a year ago, the unemployment rate fell in eleven Member States, increased in fifteen, and remained stable in Ireland. The largest falls were observed in Estonia (13.6% to 10.8% between the first quarters of 2011 and 2012), Lithuania (16.0% to 13.8%) and Latvia (16.8% to 15.2% between the first quarters of 2011 and 2012). The highest increases were registered in Greece (15.2% to 21.7% between February 2011 and February 2012), Spain (20.7% to 24.3%) and Cyprus (7.1% to 10.1%). In April 2012, 5.462 million young persons (under 25) were unemployed in the EU27, of whom 3.358 million were in the euro area. Compared with April 2011, youth unemployment rose by 268 000 in the EU27 and by 214 000 in the euro area. In April 2012, the youth unemployment rate was 22.4% in the EU27 and 22.2% in the euro area. In April 2011 it was 20.9% and 20.4% respectively. The lowest rates were observed in Germany (7.9%), Austria (8.9%) and the Netherlands (9.4%), and the highest in Greece (52.7% in February 2012) and Spain (51.5%).

TradingEconomics.com, Eurostat
6/3/2012 2:46:33 PM