Sat, Nov 21 2009

Unemployment in EU worsens

Mon, Jun 15 2009 12:59 CET byClive Leviev-Sawyer 1479 Views
Unemployment in EU worsens

JOBLESS: People line up to enter a government job centre in Madrid, April 2 2009.


The number of people employed in the countries using the euro fell by 0.8 per cent (1 220 000 people) in the first quarter of 2009 compared with the previous quarter, according to national accounts estimates published by Eurostat, the Statistical Office of the European Communities on June 15 2009.

In the same period, the number of people employed in the 27 EU member states also decreased by 0.8 per cent (1 916 000 people).
In the fourth quarter of 2008, employment declined by 0.4 per cent in the euro area and by 0.3 per cent in the EU27. These figures are seasonally adjusted, Eurostat said.

Compared with the same quarter of the previous year, employment dropped by 1.2 per cent in both zones in the first quarter of 2009, after remaining stable in the euro area and increasing by 0.2 per cent in the EU27 in the fourth quarter of 2008.

Eurostat estimates that, in the first quarter of 2009, 223.8 million men and women were employed in the EU27, of which 146.2 million were in the euro area. These figures are seasonally adjusted.
 
Spain was the worst hit, with employment decreasing 3.1 per cent on the quarter and 6.4 per cent on an annual basis.
 
Europe’s jobless rate is currently 9.2 per cent, the highest in close to 10 years. According to the Eurostat estimates on June 15, Bulgaria’s employment growth rate in Q1 2009 was minus 0.3 per cent, and that for the EU in the same period was minus 1.2 per cent.

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In the 16-member euro area, seasonally-adjusted unemployment was 9.2 per cent in April 2009, according to Eurostat, the Statistical Office of the European Communities. In the EU, joblessness was highest in Spain, Latvia and Lithuania.

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