Economy World

Euro zone: unemployment at record high in April

The unemployment rate in the 17 countries of the euro area in April reached a record level of 11.0%, according to a report released by the EU statistics office Eurostat on Friday.

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).

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS