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News : EU Economy Last Updated: Apr 24, 2009 - 5:31:05 PM

Eurozone unemployment rises to 8.0% in December; Netherlands at 2.7%; Spain 14.4% and Ireland 8.2%
By Finfacts Team
Jan 30, 2009 - 10:57:59 AM

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2000 - 2008

The Eurozone1 (EA15) seasonally-adjusted unemployment rate2 was 8.0% in December 2008, compared with 7.9% in November3. It was 7.2% in December 2007. The EU271 unemployment rate was 7.4% in December 2008, compared with 7.3% in November3. It was 6.8% in December 2007. Among the Member States, the lowest unemployment rates were recorded in the Netherlands (2.7%) and Austria (3.9%), and the highest in Spain (14.4%) and Latvia (10.4%) and Ireland (8.2%).

Eurostat estimates that 17.911 million men and women in the EU27, of which 12.472 million were in the Eurozone, were unemployed in December 2008. Compared with November 2008, the number of persons unemployed increased by 309 000 in the EU27 and by 230 000 in the Eurozone. Compared with December 2007, unemployment went up by 1 665 000 in the EU27 and by 1 397 000 in the Eurozone.

These figures are published by Eurostat, the Statistical Office of the European Union.

Compared with a year ago, nine Member States recorded a fall in their unemployment rate and fourteen an increase, while in four Member States it remained stable. The largest falls were observed in Poland (8.2% to 6.5%) and Slovakia (10.3% to 9.4%), and the highest increases in Spain (8.7% to 14.4%) and Estonia (4.1% to 9.2%).

The unemployment rate for males rose from 6.4% to 7.6% between December 2007 and December 2008 in the Eurozone and from 6.3% to 7.2% in the EU27. The female unemployment rate increased from 8.1% to 8.5% in the Eurozone and from 7.4% to 7.7% in the EU27.

In December 2008, the youth unemployment rate (under-25s) was 16.4% in the Eurozone and 16.6% in the EU27. In December 2007 it was 14.5% and 14.7% respectively. The lowest rates were observed in the Netherlands (5.3%) and Austria (6.9%), and the highest in Spain (29.5%) and Hungary (22.5%).

In December 2008, the unemployment rate was 7.2% in the USA. In December, it was 4.4% in Japan, where on-third of the workforce are temps..

Tables & Charts

  1. The Eurozone (EA15) consisted of 15 Member States up to 31 December 2008: Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia and Finland. From 1 January 2009 the Eurozone (EA16) also includes Slovakia.

The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

As part of Eurostat's guidelines for the dissemination of data when the EU or Eurozone is enlarged, the aggregate data series commented on refer to the official composition of the Eurozone in the most recent month for which data are available. Thus News Releases with data for months up to December 2008 comment on EA15 series, while Releases with data for January 2009 onwards will comment on EA16 series.

2. Eurostat produces harmonised unemployment rates for individual EU Member States, the Eurozone and the EU. These unemployment rates are based on the definition recommended by the International Labour Organisation (ILO). The measurement is based on a harmonised source, the European Union Labour Force Survey (LFS).

Based on the ILO definition, Eurostat defines unemployed persons as persons aged 15 to 74 who:

- are without work;

- are available to start work within the next two weeks;

- and have actively sought employment at some time during the previous four weeks.

The unemployment rate is the number of people unemployed as a percentage of the labour force. The labour force is the total number of people employed plus unemployed.

The numbers of unemployed and the monthly unemployment rates are estimates based on results of the LFS which is a continuous household survey carried out in all countries on the basis of agreed definitions. These results are interpolated /extrapolated to monthly data using national survey data and/or national monthly series on registered unemployment. The most recent figures are therefore provisional; results from the Labour Force Survey are available
90 days after the end of the reference period for most Member States.

Monthly unemployment and employment series are calculated first at the level of four categories for each Member State (males and females 15-24 years, males and females 25-74 years). These series are then seasonally adjusted and all the national and European aggregates are calculated.

Member States may publish other rates such as register based unemployment rates, or rates based on national Labour Force Surveys or corresponding surveys. These rates may vary from those published by Eurostat due to different definition or methodological choices.

Current deviations from the definition of unemployment in the EU Labour Force Survey:

Spain, Italy, and United Kingdom: Unemployment is restricted to persons aged 16-74. In Spain and Italy the legal age limit for working is 16.

Netherlands: Persons without a job, who are available for work and looking for a job are only included in unemployment if they express that they would like to work.

3. The November 2008 unemployment rates for the Eurozone and the EU27 have been revised. The rates published in News Release 3/2009 of 8 January 2009 were 7.8% for the Eurozone and 7.2% for the EU27. Among Member States, the rate has been revised by more than 0.1 percentage points for Bulgaria, Estonia, Spain and Latvia. The revisions are primarily caused by the inclusion of the most recent EU Labour Force Survey data in the calculation process and updates to the seasonally adjusted series.

For Germany, Finland and Sweden up to and including December 2008. For the Netherlands up to and including October-November-December 2008 (3-month rolling average). For the United Kingdom up to and including September-October-November 2008 (3-month rolling average). For Spain up to and including 2008Q4.

For Belgium, Bulgaria, the Czech Republic, Denmark, Estonia, Ireland, Greece, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Austria, Poland, Portugal, Romania, Slovenia and Slovakia up to and including 2008Q3.

  1. Greece, Italy and Romania: quarterly data for all series.

Estonia, Cyprus, Latvia, Lithuania and Slovenia: quarterly data for youth unemployment.

  1. Provisional data: the Swedish Labour Force Survey was amended in April 2005 to take further account of the EU harmonised methodology. This break in the series may affect the reliability of the seasonal adjustment.

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