| 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
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
France confirms €50bn in spending cuts in 2015-17 despite stagnation
Eurozone inflation "more or less" at a trough
German Industry: Engine spluttering but not expected to stall
Eurozone annual inflation confirmed at 0.4% in July
Eurozone growth stagnated in second quarter of 2014
German GDP shrank in Q2 2014; France stagnated; Greece returned to growth
"Made in Germany" piracy big threat to German business
Industrial production dipped again in Eurozone in June contrary to PMI surveys
Over 1,000 African migrants try to enter Spain in 2 days
ZEW Indicator of Economic Sentiment for Germany fell sharply in August
Eurozone second quarter GDP report expected to be bleak
Eurozone retail sales fall in July as downturns in France and Italy deepen
German outlook for H2 2014 bleak according to Deutsche Bank
German imports rose at their fastest rate in over three years in June
ECB and Bank of England keep benchmark interest rates at record lows
79% of Germany's trade surplus in 2013 with 5 non-euro countries + France, Austria
European government bond yields at historical lows; Dutch rate lowest in 500 years
German business confidence dropped in June to lowest level since October
Eurozone economic growth accelerated in July; France remained in red zone
France opens tax evasion probe of UBS; Swiss invite India to discuss tax dodger list
FDI into western Europe declined between March and May 2014
Eurozone annual inflation stable at 0.5% in June - down from 1.6% in 2013
Eurozone construction activity fell in May
Eurozone is recovering; Deep-seated obstacles to growth remain says IMF
German economic sentiment fell for seventh straight time in July 2014
Industrial production down by 1.1% in Eurozone and EU28 in May
French industrial production plummeted in May
Germany's exports, imports and industrial production fell in May
European industrialist urges ECB to tackle “crazy” strength of euro
Eurozone retail sales PMI flat in June as falls in France and Italy offset German gains
European Central Bank keeps rates unchanged
Business activity in the Eurozone service sector eased in June
France and Italy need to cut unit labour costs by 15% and 20% to match Spain and Slovenia
European Union and Switzerland bury "the hatchet" on corporate taxes
Eurozone unemployment at 11.6% in May; Lowest: Austria 4.7%, Germany 5.1%; highest: Greece 26.8%
Eurozone manufacturing output losing momentum; June regional easing, dips in France and Greece
Eurozone annual inflation at weak 0.5% in May; German retail sales fell in month
Eurozone's money supply and private credit slightly improved in May
Centenary of gunshots that ended 43 years of fragile European peace
US real consumer spending falls for second month in May