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Unemployment increases in Euro zone

Author: The Sofia Echo staff Date: Thu, Mar 01 2012 1915 Views
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The seasonally adjusted unemployment rate in in the euro area was 10.7 per cent in January 2012, compared with 10.6 per cent in December 2011 and 10 per cent in January 2011. The EU27 unemployment rate in the EU's 27 countries as a whole was 10.1 per cent in January 2012, compared with 10 per cent in December 2011 and 9.5 per cent in January 2011.

Eurostat, the statistical office of the European Union, estimates that 24.325 million men and women in the EU27, of whom 16.925 million were in the euro area, were unemployed in January 2012.

Among Member States, the lowest unemployment rates were recorded in Austria (four per cent), the Netherlands (five per cent) and Luxembourg (5.1 per cent), and the highest in Spain (23.3 per cent), Greece (19.9 per cent in November 2011), Ireland and Portugal (both 14.8 per cent).

In January 2012, 5.507 million young persons (under 25) were unemployed in the EU27, of whom 3.314 million were in the euro area.

In January 2012, the unemployment rate was 8.3 per cent in the USA. In December 2011 it was 4.6 per cent in Japan. The last available figures from the UK point to an unemployment rate of 8.4 per cent. In Bulgaria it is 11.5 per cent.

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