Euro area unemployment remains at 10.1 percent in November

[News_Editor]

Euro area unemployment remains at 10.1 percent in November

2011-01-07 23:09:25 GMT+7 (ICT)

LUXEMBOURG (BNO NEWS) -- Eurostat, the statistical office of the European Union, on Friday announced that the unemployment rate in the Euro area remained at 10.1 percent in November 2010.

The rate in Euro area 1 (EA16) is exactly the same as registered in October 2010. The EU27 area registered a 9.6 percent of unemployment which was also the same as the previous month.

EA16 consisted of 16 Member States up to December 31st. These were Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. From January 1st, the EUro area (now dubbed EA17) also includes Estonia.

The EU27 includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, and the United Kingdom.

In comparison with rates in November 2009, the EU16's unemployment rate rose 0.2 percent, from 9.9 to 10.1. On the other hand, unemployment in the EU27 also increased by 0.2 percent in comparison with November 2009.

Eurostat calculated that approximately 23.248 million men and women in the EU27 were unemployed as of November 2010. This reflected a decrease of 35,000 in the EU27 and 39,000 in the euro area. The EU16 area had 15.924 million citizens unemployed.

The lowest unemployment rates were recorded in the Netherlands (4.4 percent), Luxembourg (4.8 percent) and Austria (5.1percent). The highest rates were recorded in Spain (20.6 percent), Lithuania (18.3 percent) and Latvia (18.2 percent).

In contrast with 2009, the unemployment rate fell in six Member States, remained stable in three and increased in eighteen. The most significant falls were registered in Finland (8.8 to 7.9 percent), Sweden (8.7 to 7.8 percent), Germany (7.5 to 6.7 percent) and Malta (7.1 to 6.3 percent).

The highest increases took place in Lithuania (14.3 to 18.3 percent between the third quarters of 2009 and 2010), Greece (9.7 to 12.9 percent between the third quarters of 2009 and 2010) and Bulgaria (8.3 to 10.2 percent).

The unemployment rate for males rose from 9.8 to 9.9 percent in the euro area and remained stable at 9.6 percent in the EU27. The female unemployment rate increased from 9.9 to 10.2 percent in the euro area and from 9.2 to 9.6 percent in the EU27.

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