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Eurozone annual inflation at 1.6% in August; Unemployment rate stable at 10% in July; Jobless rate down in 12 months in Austria, Germany and Malta
By Finfacts Team
Aug 31, 2010 - 11:05:46 AM
Eurozone annual inflation is expected to be 1.6% in August 2010
according to a flash estimate issued by Eurostat, the
statistics office of the European Union.
It was 1.7% in July. Meanwhile,
Eurostat also reported that the Eurozone (EA16) seasonally-adjusted unemployment rate
was 10.0% in July 2010, unchanged compared with June.
It was 9.6% in July 2009. The EU27 unemployment rate was 9.6% in July 2010, unchanged compared with
June. It was 9.1% in July 2009. Compared with July 2009, the jobless rate was down in Austria, Germany and Malta.
Eurostat estimates that 23.057m
men and women in the EU27, of whom 15.833m were in the Eurozone, were
unemployed in July 2010. Compared with June, the number of persons unemployed
decreased by 45,000 in the EU27 and by 8,000 in the Eurozone. Compared with July
2009, unemployment rose by 1.108m in the EU27 and by 0.668m in the Eurozone.
Among the member states, the lowest
unemployment rates were recorded in
Austria (3.8%) and the Netherlands (4.4% in June 2010), and the highest rates in
Spain (20.3%), Latvia (20.1% in the first quarter of 2010) and Estonia (18.6% in the second quarter of 2010).
Compared with a year ago, three member
states recorded a fall in the unemployment rate, two remained stable and
twenty-two showed an increase. The falls were observed in Austria (5.1% to 3.8%), Malta (7.3% to 6.5%) and
Germany (7.6% to 6.9%). The highest increases were registered in Latvia (13.5%
to 20.1% between the first quarters of 2009 and 2010) and Lithuania (11.2% to 17.3% between the first quarters of
2009 and 2010).
The Irish unemployment rate
was 13.5% in July 2010 compared with 12.3% in July 2009.
Between July 2009 and July 2010, the
unemployment rate for males rose from 9.5% to 9.8% in the Eurozone and from 9.2% to 9.6% in the EU27. The
female unemployment rate increased from 9.8% to 10.3% in the Eurozone and from
9.0% to 9.6% in the EU27.
In July 2010, the youth unemployment rate
(under-25s) was 19.6% in the Eurozone
and 20.2% in the EU27. In July 2009 it was 19.8% and 20.1% respectively. The
lowest rate was observed in the Netherlands (8.1% in June 2010), and the highest
rates in Spain (41.5%), Latvia (39.5% in the first quarter of 2010) and Estonia
(37.2% in the second quarter of 2010).
In July 2010, the unemployment rate was 9.5% in the US and 5.2% in Japan.
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).
