Friday, April 5, 2013

Euro area unemployment rate at 12.0% 03-03-2013


The euro area (EA17) seasonally-adjusted unemployment rate3 was 12.0% in February 2013, stable compared with January . The EU27 unemployment rate was 10.9%, up from 10.8% in the previous month. In both zones, rates have risen markedly compared with February 2012, when they were 10.9% and 10.2% respectively. These figures are published by Eurostat, the statistical office of the European Union.Eurostat estimates that 26.338 million men and women in the EU27, of whom 19.071 million were in the euro area, were unemployed in February 2013. Compared with January 2013, the number of persons unemployed increased by 76 000 in the EU27 and by 33 000 in the euro area. Compared with February 2012, unemployment rose by 1.805 million in the EU27 and by 1.775 million in the euro area.
Among the Member States, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.4%), Luxembourg (5.5%) and the Netherlands (6.2%), and the highest in Greece (26.4% in December 2012), Spain (26.3%) and Portugal (17.5%).Compared with a year ago, the unemployment rate increased in nineteen Member States and fell in eight. The highest increases were registered in Greece (21.4% to 26.4% between December 2011 and December 2012),Cyprus (10.2% to 14.0%), Portugal (14.8% to 17.5%) and Spain (23.9% to 26.3%). The largest decreases were observed in Latvia (15.6% to 14.3% between the fourth quarters of 2011 and 2012), Estonia (10.8% to 9.9% between January 2012 and January 2013) and Ireland (15.1% to 14.2%). Between February 2012 and February 2013, the unemployment rate for males increased from 10.7% to 11.9% in the euro area and from 10.1% to 10.9% in the EU27. The female unemployment rate rose from 11.2% to 12.0% in the euro area and from 10.3% to 10.9% in the EU27

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