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Europe - Recovery in unemployment stalls

18 July 2011

The European Union (EU) average unemployment rate stood at 9.3% in May 2011, the same level as in April 2011 but down -0.4 percentage points compared with May 2010, according to the latest Monthly Labour Market Fact Sheet published by the European Commission.

The stagnation in May 2011 follows a six-month period of consecutive decline. Compared to a year ago, there are -904,000 less unemployed individuals in the EU.
The labour market situation for young people in the EU, although it has improved overall, remains depressed and youth unemployment continues to show upward trends in eleven member states. The youth unemployment rate at EU level stood at 20.4% in May 2011.
Hiring activity remains solid, however, restructuring activity picked up in June 2011, with a clearly negative net impact on jobs.
In the current economic context, employment and unemployment expectations remain broadly stable but somewhat mixed across sectors and countries. The outlook is still potentially one of persistently high unemployment in some member states, particularly Greece, Spain, Portugal and Bulgaria.

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