| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


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.


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


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


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Oct 1, 2012 - 4:52 PM

Eurozone unemployment at 11.4% in August 2012; Austria lowest at 4.5%, Spain highest at 25.1%
By Finfacts Team
Oct 1, 2012 - 9:56 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 11.4% in August 2012, stable compared with July. The EU27 unemployment rate was 10.5% in August 2012, also stable compared with July. In both zones, rates have risen compared with August 2011, when they were 10.2% and 9.7% respectively. In the Eurozone, Austria  was lowest at 4.5% and Spain highest at 25.1%

Eurostat, the EU statistics office estimates that 25.47m men and women in the EU27, of whom 18.20m were in the Eurozone, were unemployed in August 2012. Compared with July 2012, the number of persons unemployed increased by 49,000 in the EU27 and by 34,000 in the Eurozone. Compared with August 2011, unemployment rose by 2.170m in the EU27 and by 2.14m in the Eurozone.

Among the member countries, the lowest unemployment rates were recorded in Austria 4.5%, Luxembourg 5.2%, the Netherlands 5.3% and Germany 5.5%, and the highest in Spain 25.1% and Greece 24.4% (in June 2012). Ireland's rate was 15%.

Compared with a year ago, the unemployment rate increased in twenty member countries, fell in six and remained stable in the United Kingdom. The largest falls were observed in Estonia (13.2% to 10.1% between the second quarters of 2011 and 2012), Lithuania (15.0% to 12.9%) and Latvia (17.0% to 15.9% between the second quarters of 2011 and 2012). The highest increases were registered in Greece (17.2% to 24.4% between June 2011 and June 2012), Cyprus (8.0% to 11.7%), Portugal (12.7% to 15.9%) and Spain (22.0% to 25.1%).

Between August 2011 and August 2012, the unemployment rate for males increased from 9.9% to 11.3% in the Eurozone and from 9.6% to 10.5% in the EU27. The female unemployment rate rose from 10.5% to 11.6% in the Eurozone and from 9.8% to 10.6% in the EU27.

In August 2012, 5.46 young persons (under 25) were unemployed in the EU27, of whom 3.39m were in the Eurozone. Compared with August 2011, youth unemployment rose by 164,000 in the EU27 and by 213 000 in the Eurozone. In August 2012, the youth unemployment rate was 22.7% in the EU27 and 22.8% in the Eurozone, compared with 21.5% and 20.7% respectively in August 2011. In August 2012 the lowest rates were observed in Germany 8.1%, the Netherlands 9.4% and Austria 9.7%, and the highest in Greece (55.4% in June 2012) and Spain 52.9%.

In August 2012, the unemployment rate was 8.1% in the USA and 4.1% in Japan.

Check out our 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.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015