Friday, January 8, 2010

November unemployment rates up in EU and Eurozone!

According to Eurostat, the statistical office of the European Union.(Jan. 8):

The Eurozone seasonally-adjusted unemployment rate3 was 10.0% in November 2009, compared with 9.9% in October 2009.
It was 8.0% in November 2008.

In the EU as a whole (27 member states) the unemployment rate was 9.5% in November 2009, compared with 9.4% in October 2009.
It was 7.5% in November 2008.

For the Eurozone this is the highest rate since August 1998 and for the EU since the start of the series (January 2000).

Eurostat notes that in November 2009, the unemployment rate was 10.0% in the USA and 5.2% in Japan.

Eurostat estimates that 22,899,000 men and women in the EU27, of whom 15,712,000 were in the Eurozone, were unemployed in November 2009.

Compared with October 2009, the number of persons unemployed increased by 185 000 in the EU and by 102 000 in the Eurozone.

Compared with November 2008, unemployment went up by 4.978 million in the EU27 and by 3.041 million in the euro area.

Member States:

The lowest unemployment rates were recorded in the Netherlands (3.9%) and Austria (5.5%), and the highest rates in Latvia (22.3%) and Spain (19.4%).

Compared with a year ago, all Member States recorded an increase in their unemployment rate.

The smallest increases were observed in Germany (7.1% to 7.6%), Luxemburg (5.2% to 6.0%) and Malta (6.2% to 7.0%).

The highest increases were registered in Latvia (10.2% to 22.3%), Estonia (6.5% to 15.2% between the third quarters of 2008 and 2009) and Lithuania (6.4% to 14.6% between the third quarters of 2008 and 2009).

Between November 2008 and November 2009
, the unemployment rate for males rose from 7.5% to 9.9% in the Eurozone and from 7.2% to 9.7% in the EU. The female unemployment rate increased from 8.6% to 10.0% in the Eurozone and from 7.8% to 9.2% in the EU.

In November 2009, the youth unemployment rate (under-25s) was 21.0% in the Eurozone and 21.4% in the EU. In November 2008 it was 16.6% in both zones.
The lowest rate was observed in the Netherlands (7.5%), and the highest rates in Spain (43.8%) and Latvia (36.3% in the third quarter of 2009).


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