The euro area since its inception has the highest unemployment. The rate in February climbed to 10.8 percent, reaching its highest level since 1999. Without the work is more than 17 million people, of which 3.3 million unemployed are under 25 years. This follows from the data of the European statistical office Eurostat.
The labor market situation also deteriorated in the European Union. The unemployment rate in the estimated statisticians climbed to 10.2 percent. Throughout the Union is so jobless 24.55 million people, of whom 5.5 million are younger than 25 years.
Compared to the previous month, unemployment indicators deteriorated in both entities “only” by tenth of a percent.
Markedly, however, see a deterioration in the annual comparison. In the euro area unemployment levels reached ten percent and thus the lower eight tenths. Unemployed was 1.5 million less. The EU unemployment rate was 9.5 percent jobless at that time was almost 1.9 million less.
Now is the worst situation in Spain, where it can not find work 23.6 percent of people. Earth in the coming months, while probably not expect any improvement. They must investigate, resulting in further rise in unemployment. Spaniards worried about cuts, so go to the streets en masse (read more about the protests here).
Ill be looking for a place also to the Greeks. Unemployment overextended Greece was 21 percent.
The lowest unemployment in the euro area, Austria, and 4.2 percent. In the Netherlands, the unemployment rate was 4.9 percent and Luxembourg 5.2 percent. The countries with the lowest unemployment but also includes Germany, where the unemployment rate was 5.7 percent.