Home > Eurozone > Euro area and E27 unemployment rates

Euro area and E27 unemployment rates

from David Ruccio

source 

The euro area1 (EA17) seasonally adjusted unemployment rate was 11.0 percent in April 2012. It was 9.9 percent in April 2011. The EU27 unemployment rate was 10.3 percent in April 2012. It was 9.5 percent in April 2011.

In April 2012, 5.462 million young people (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 percent in the EU27 and 22.2 percent in the euro area. In April 2011 it was 20.9 percent and 20.4 percent, respectively. The lowest rates were observed in Germany (7.9 percent), Austria (8.9 percent) and the Netherlands (9.4 percent), and the highest in Greece (52.7 percent in February 2012) and Spain (51.5 percent).

Update

Here, from the same source, are the rates for individual countries:

  1. June 6, 2012 at 5:36 pm

    The steady rise in unemployment in 2011-12 is a bad omen. However, these are averages. How about a graph for individual countries?

    • PeakVT
      June 7, 2012 at 3:02 am

      A graph of individual countries is somewhat beside the point, in that the ECB should be responding to EU-wide unemployment. Instead, it is largely responding unemployment in Germany, which is causing damage to the people of many other countries.

  2. June 11, 2012 at 8:00 am

    The people in the Eurozone need jobs. The governments in the Eurozone need money. Why not answer the combined two needs by issuing debt-free money apart from the central banks, directly into the economy through a series of public works projects, doing what needs to be done, putting people to work, and doing it without debt?
    In the U.S. we do this with every coin – for which no debt is created, unlike Federal Reserve money. In the past, we did this with U.S. Notes (14 times – 1862-1972). Then, when the economy is robust again, the tax* revenues (and taxes are optional under a Greenbacking system anyway, but should be collected to promote fairness and to discourage speculative and resource-hoarding behavior) could eventually pay off the debt. Ironically, going to direct currency issuance, at least in part, would make it easier to pay off the debt created under the current debt-money system.

    * The only fair tax is a Land Value Tax

  3. Michal Letrent
    November 26, 2012 at 4:41 pm

    Unemployment rates these days are so high. we really need some economic bailout. ‘

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