| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : EU Economy Last Updated: Jul 2, 2012 - 4:41 PM


Eurozone unemployment rate was 11.1% in May 2012; Austria had lowest rate at 4.1% - - Ireland's rate was 14.6%
By Finfacts Team
Jul 2, 2012 - 11:38 AM

Email this article
 Printer friendly page
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).

The Eurozone (EA17) seasonally-adjusted unemployment rate was 11.1% in May 2012, compared with 11.0% in April. Eurostat, the EU statistics office said  that the rate was 10.0% in May 2011. The EU27 unemployment rate was 10.3% in May 2012, compared with 10.2% in April4. It was 9.5% in May 2011. Austria had the lowest rate at 4.1% while Ireland's rate was 14.6%.

Eurostat estimates that 24.89m men and women in the EU27, of whom 17.56m were in the Eurozone, were unemployed in May 2012. Compared with April 2012, the number of persons unemployed increased by 151,000 in the EU27 and by 88,000 in the Eurozone. Compared with May 2011, unemployment rose by 1.95m in the EU27 and by 1.820m in the Eurozone.

Among the member states, the lowest unemployment rates were recorded in Austria (4.1%), the Netherlands (5.1%), Luxembourg (5.4%) and Germany (5.6%), and the highest in Spain (24.6%) and Greece (21.9% in March 2012).

Compared with a year ago, the unemployment rate fell in eight member states, increased in eighteen, and remained stable in Hungary. The largest falls were observed in Estonia (13.6% to 10.9% between the first quarters of 2011 and 2012), Lithuania (15.7% to 13.7%) and Latvia (17.1% to 15.3% between the first quarters of 2011 and 2012). The highest increases were registered in Greece (15.7% to 21.9% between March 2011 and March 2012), Spain (20.9% to 24.6%) and Cyprus (7.5% to 10.8%).

Between May 2011 and May 2012, the unemployment rate for males increased from 9.8% to 10.9% in the euro area and from 9.5% to 10.3% in the EU27. The female unemployment rate rose from 10.3% to 11.3% in the euro area and from 9.6% to 10.4% in the EU27.

In May 2012, 5.52m young persons (under 25) were unemployed in the EU27, of whom 3.412m were in the Eurozone. Compared with May 2011, youth unemployment rose by 282 000 in the EU27 and by 254 000 in the Eurozone. In May 2012, the youth unemployment rate was 22.7% in the EU27 and 22.6% in the Eurozone. In May 2011 it was 21.0% and 20.5% respectively. The lowest rates were observed in Germany (7.9%), Austria (8.3%) and the Netherlands (9.2%), and the highest in Greece (52.1% in March 2012) and Spain (52.1%).

In May 2012, the unemployment rate was 8.2% in the USA and it was 4.4% in Japan.

Check out our new subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone. 

Business executives who put a premium on time and value high quality information, should use our service.

Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Eurozone manufacturing/ services at 3-year high
Eurozone annual inflation confirmed at 0.5% in March 2014
Eurozone industrial production inched up 0.2% in February
Draghi signalls action on deflation/ high euro within two months
IMF says Eurozone has to cleanup both banks/ corporate balance sheets
German exports fell in February; Imports slightly rose
Industrial production rises in Germany and Spain in February
ECB study shows €1tn of QE would raise inflation by just 0.2 to 0.8 percentage points
Eurozone retail sales fall marginally in March
ECB governors discuss quantitative easing
ECB keeps key interest rate at 0.25%
Eurozone Services Business Activity Index fell slightly in March
Spanish unemployment in sharpest fall in March since 2006
Eurozone unemployment rate at 11.9% in February; Italy at record 13%, Austria at 4.8%, Greece 27.5%
Eurozone manufacturing recovery slows as growth returns to France
Eurozone closer to deflation as annual inflation dips to 0.5%
China set to name Frankfurt as yuan/ renminbi trading hub
EU average 2013 hourly wage cost at €40 in Sweden, €29 in Ireland and €4 in Bulgaria
Germany identifies six key export growth markets of the future
France: Unemployment rises 0.9% in February to record 3.35m
German consumer confidence remains at a seven-year high
German business confidence hit by Ukraine crisis in March
A full trade boycott by the EU would have a major impact on Russia
Eurozone recovery prospects brighten as France returns to growth
EU banking union moves towards the launch pad
Corporate Tax Avoidance: Zara fashion brand owner amasses $10bn property empire
Diverging trends in business insolvencies in Germany and France
Eurozone annual inflation fell to 0.7% in February 2014
Italy: Renzi announces $10bn package of tax cuts/ other measures
Eurozone industrial production fell slightly in January 2014
Luxembourg stalls agreement on EU tax evasion law
ECB issues guidelines on bank tests; UniCredit of Italy reports loss of €14bn in 2013
German economic recovery on track as imports, exports rise in January
Bayern Munich president admits extensive tax evasion
Germany's foreign population rose by 419,900 in 2013
ECB and Bank of England keep benchmark interest rates unchanged
Eurozone retail PMI data shows fall in trade in February
European Commission warns on size of Germany's current account surplus
Eurozone retail trade up 1.6% in January 2014
Upturn in Eurozone services sector extended to seven months in February