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News : EU Economy Last Updated: Apr 1, 2011 - 3:40 PM

Eurozone unemployment down to 9.9% in February; Netherlands at 4.3%; Ireland at 14.9%
By Finfacts Team
Apr 1, 2011 - 11:29 AM

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The Eurozone (EA17) seasonally-adjusted unemployment rate was 9.9% in February 2011, compared with 10.0% in January. It was 10.0% in February 2010. The EU27 unemployment rate was 9.5% in February 2011, compared with 9.6% in January. It was 9.6% in February 2010. The Netherlands was lowest at 4.3% and the Irish rate was at 14.9%.

Eurostat estimates that 23.05m men and women in the EU27, of whom 15.75m were in the Eurozone, were unemployed in February 2011. Compared with January 2011, the number of persons unemployed fell by 99,000 in the EU27 and by 77,000 in the Eurozone. Compared with February 2010, unemployment decreased by 31,000 in the EU27 and by 77,000 in the Eurozone.

These figures are published by Eurostat, the statistics office of the European Union.

Among the member countries, the lowest unemployment rates were recorded in the Netherlands (4.3%), Luxembourg (4.5%) and Austria (4.8%), and the highest in Spain (20.5%), Lithuania (17.4% in the fourth quarter of 2010) and Latvia (17.3% in the fourth quarter of 2010).

Germany's rate was (6.3%).

Compared with a year ago, the unemployment rate fell in thirteen member countries, remained stable in two and increased in twelve. The largest falls were observed in Latvia (20.1% to 17.3% between the fourth quarters of 2009 and 2010), Estonia (16.1% to 14.3% between the fourth quarters of 2009 and 2010) and Sweden (8.8% to 7.6%). The highest increases were registered in Greece (10.2% to 14.1% between the fourth quarters of 2009 and 2010), Bulgaria (9.4% to 11.6%) and Ireland (13.0% to 14.9%).

Between February 2010 and February 2011, the unemployment rate for males fell from 9.9% to 9.7% in the Eurozone and from 9.8% to 9.5% in the EU27. The female unemployment rate increased from 10.1% to 10.2% in the Eurozone and from 9.4% to 9.6% in the EU27.

In February 2011, the youth unemployment rate (under-25s) was 19.4% in the Eurozone and 20.4% in the EU27. In February 2010 it was 20.5% and 20.9% respectively. The lowest rates were observed in the Netherlands (7.4%) and Germany (7.9%), and the highest in Spain (43.5%) and Greece (36.1% in the fourth quarter of 2010).

In February 2011, the unemployment rate was 8.9% in the USA and 4.6% in Japan.

The Eurozone (EA17) consists of Belgium, Germany, Estonia, 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).

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