The 11% threshold is reached for the first time since the creation of the euro area, but analysts expected at this level against a background of deepening crisis. Across the EU, the unemployment rate rose in April to 10.3% against 10.2%. This is a new record for the EU to 27 countries.
According to Eurostat data, 17.4 million people were unemployed in April in the euro area against 24.66 million people throughout the EU. The unemployment rate the lowest were recorded in Austria (3.9%), Luxembourg (5.2%) and Netherlands (5.2%). In Spain, the unemployment rate is highest (24.3%), in Greece it amounts to 21.7% (latest data available for this country, dating back to February). The level of unemployment among under-25s in April rose to 22.2% (against 20.4% yoy) in the euro area and 22.4% in the EU (against 20.9% year year).