Euro area unemployment rate at 11.2%
The euro area (EA17) seasonally-adjusted unemployment rate was 11.2% in June 2012, stable compared with May. It was 10.0% in June 2011. Eurostat estimates that 17.801 million men and women in the euro area were unemployed in June 2012. Compared with May 2012, the number of persons out of work increased by 127.000. Compared with June 2011, unemployment rose by 2.165 million in the euro area.
Among the Member States, the lowest unemployment rates were recorded in Austria (4.5%), the Netherlands (5.1%), Germany and Luxembourg (both 5.4%), and the highest in Spain (24.8%) and Greece (22.5% in April 2012). Compared with a year ago, remained stable in Sweden. The highest increases were registered in Greece (16.2% to 22.5% between April 2011 and April 2012), Spain (21.2% to 24.8%) and Cyprus (7.6% to 10.5%).
Between June 2011 and June 2012, the unemployment rate for males increased from 9.7% to 11.2% in the euro area. The female unemployment rate rose from 10.3% to 11.3%. In June 2012, 3.359 million young persons (under 25) were out of work. Compared with June 2011, youth unemployment rose by 204 000 in the euro area. In June 2012, the youth unemployment rate was 22.4%. In June 2011 it was 20.5%. In June 2012 the lowest rates were observed in Germany (7.9%), Austria (8.8%) and the Netherlands (9.3%), and the highest in Greece (52.8% in April 2012) and Spain (52.7%).
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August 6, 2012
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