Daily News

View All News

Europe – Euro-zone unemployment at 12.2%

01 July 2013

The latest figures from Eurostat, the statistical body of the European Union, report that unemployment across the 27 member countries of the European Union increased by a smaller margin, from 10.4% in May 2012 to 10.9% in May 2013. In the Euro-zone, the figure reached 12.2%, an increase from 11.3% compared with last year.

Unemployment rose in 17 of the member states and fell in 10, compared with a year ago. The highest increases were in Cyprus, which rose from 11.4% to 16.3%. Greece rose from 22.2% in 2012 to 26.8% in 2013. Slovenia also performed poorly, with unemployment rising from 8.6% to 11.2%.

Eurostat 01.07 - 1

Provided by Eurostat

The Baltic countries performed best overall. They recorded the biggest falls in unemployment across Europe. Latvia fell from 15.5% unemployment in 2012 to 12.4% in 2013. Estonia dropped from 10% in 2012 to 8.3% in 2013. In Lithuania unemployment fell from 13.3% to 11.7%.  

The lowest levels of unemployment are found in Austria (4.7%), Germany (5.3%) and Luxembourg (5.7%). The highest levels of unemployment were recorded in Spain (26.9%) and Greece (26.8% to March 2013). 

Eurostat 01.07 - 2

Issued by Eurostat

Following further communication from Eurostat, data in this article has been amended. Eurostat provided the following statement, "The French unemployment rate as been revised upwards by +0.5% from May 2013. As a result, the EU and Euro-zone aggregates have been revised upwards by 0.1 percentage points. The trend in the European aggregates is unchanged."

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*