Euro Area Unemployment Rate at 9.9% in May


The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in May 2011, unchanged compared with April. It was 10.2% in May 2010.

The EU27 unemployment rate was 9.3% in May 2011, unchanged compared with April. It was 9.7% in May 2010.

Eurostat estimates that 22.378 million men and women in the EU27, of whom 15.510 million were in the euro area, were unemployed in May 2011. Compared with April 2011, the number of persons unemployed fell by 5 000 in the EU27 and increased by 16 000 in the euro area. Compared with May 2010, unemployment decreased by 904 000 in the EU27 and by 551 000 in the euro area.

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.2%), Austria (4.3%) and Luxembourg (4.5%), and the highest in Spain (20.9%), Lithuania (16.3% in the first quarter of 2011) and Latvia (16.2% in the first quarter of 2011).

Compared with a year ago, the unemployment rate fell in nineteen Member States and increased in eight. The largest falls were observed in Estonia (18.8% to 13.8% between the first quarters of 2010 and 2011), Latvia (19.9% to 16.2% between the first quarters of 2010 and 2011), Germany (7.2% to 6.0%), Hungary (11.2% to 10.0%) and Slovakia (14.5% to 13.3%). The highest increases were registered in Greece (11.0% to 15.0% between the first quarters of 2010 and 2011), Bulgaria (10.1% to 11.2%), Cyprus (6.4% to 7.4%) and Slovenia (7.3% to 8.3%).

In May 2011, the youth unemployment rate (under-25s) was 20.0% in the euro area and 20.4% in the EU27. In May 2010 it was 21.2% in both zones. The lowest rates were observed in the Netherlands (6.9%), Germany (7.7%) and Austria (9.1%), and the highest in Spain (44.4%), Greece (38.5% in the first quarter of 2011), Slovakia (33.7%) and Lithuania (32.9% in the first quarter of 2011).


TradingEconomics.com, Eurostat
7/1/2011 12:42:08 PM