Euro Area Unemployment Rate Remains Stable at 10.0% in July


The euro area (EA16) seasonally-adjusted unemployment rate was 10.0% in July 2010, unchanged compared with June. It was 9.6% in July 2009.

The EU27 unemployment rate was 9.6% in July 2010, unchanged compared with June. It was 9.1% in July 2009.

Eurostat estimates that 23.057 million men and women in the EU27, of whom 15.833 million were in the euro area, were unemployed in July 2010. Compared with June, the number of persons unemployed decreased by 45 000 in the EU27 and by 8 000 in the euro area. Compared with July 2009, unemployment rose by 1.108 million in the EU27 and by 0.668 million in the euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (3.8%) and the Netherlands (4.4% in June 2010), and the highest rates in Spain (20.3%), Latvia (20.1% in the first quarter of 2010) and Estonia (18.6% in the second quarter of 2010).

Compared with a year ago, three Member States recorded a fall in the unemployment rate, two remained stable and twenty-two showed an increase. The falls were observed in Austria (5.1% to 3.8%), Malta (7.3% to 6.5%) and Germany (7.6% to 6.9%). The highest increases were registered in Latvia (13.5% to 20.1% between the first quarters of 2009 and 2010) and Lithuania (11.2% to 17.3% between the first quarters of 2009 and 2010).

In July 2010, the youth unemployment rate (under-25s) was 19.6% in the euro area and 20.2% in the EU27. In July 2009 it was 19.8% and 20.1% respectively. The lowest rate was observed in the Netherlands (8.1% in June 2010), and the highest rates in Spain (41.5%), Latvia (39.5% in the first quarter of 2010) and Estonia (37.2% in the second quarter of 2010).


TradingEconomics.com, Eurostat
9/5/2010 6:16:40 PM