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Eurozone annual inflation expected to be 1.7% in July; Unemployment rate stable at 10.0% in June; Austria at 3.9%, the Netherlands at 4.4% and Ireland at 13.3%
By Finfacts Team
Jul 30, 2010 - 10:24:26 AM
Eurozone (EA16) annual inflation is
expected to be 1.7% in July 2010 according to a flash estimate issued by
Eurostat, the statistical office of the European Union. It was 1.4% in June.
Meanwhile, the Eurozone unemployment rate was stable at 10.0% in
June 2010. Austria was at 3.9%, the
Netherlands at 4.4% and Ireland was at 13.3%.
The Eurozone (EA16) seasonally-adjusted unemployment rate was 10.0% in June 2010, unchanged
compared with May.
It was 9.5% in June 2009. The EU27 unemployment rate was 9.6% in June
2010, unchanged compared with May.
It was 9.0% in June 2009.
Eurostat estimates that 23.062 million men and women in the
EU27, of
whom 15.771 million were in the Eurozone,
were unemployed in June 2010. Compared with May 2010, the number of persons
unemployed decreased by 32 000 in the EU27,
while it increased by 6 000 in the Eurozone.
Compared with June 2009, unemployment rose by 1.466 million in the EU27, and by
0.788 million in the Eurozone.
These figures are published by
Eurostat, the statistics office of the European Union.
Among the member states, the lowest unemployment rates were
recorded in Austria (3.9%) and the
Netherlands (4.4%), and the highest
rates in Spain (20.0%), Latvia (20.0% in the first quarter of 2010),
and Estonia (19.0% in the first quarter of 2010).
Compared with a year ago, four member states recorded a fall
in the unemployment rate, one remained stable and twenty-two showed an increase.
The largest falls were observed in Austria (5.1% to 3.9%), Malta
(7.2% to 6.5%) and Germany (7.7% to
7.0%) . The highest increases were registered in
Estonia (11.0% to 19.0% between the
first quarters of 2009 and 2010) and Latvia (13.4% to 20.0% between the first quarters of
2009 and 2010).
Between June 2009 and June 2010, the unemployment rate for
males rose from 9.3% to 9.8% in the Eurozone and from 9.1% to 9.7% in the EU27. The female
unemployment rate increased from 9.7% to 10.2% in the Eurozone and from 8.9% to 9.5% in
the EU27.
In June 2010, the youth unemployment rate (under-25s) was
19.6% in the Eurozone and 20.3% in the EU27.
In June 2009 it was 19.5% and 19.6% respectively. The lowest rate was observed
in the Netherlands (8.1%), and the highest rates in Spain (40.3%),
Estonia
(39.8% in the first quarter of 2010) and Latvia (39.5% in the first quarter of 2010). The Irish rate of youth unemployment was 15.3%.
In the USA , the unemployment rate was 9.5% in June 2010.
In Japan
it was 5.3% in June 2010.
The Eurozone (EA16) consists of Belgium, Germany, Ireland, Greece, Spain,
France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal,
Slovenia, Slovakia and Finland.
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).
