Euro area unemployment rate at 10%

Queuing for a living: European unemployment stands at 10% with Ireland well ahead at 13.8%

Ireland currently has a 13.8% unemployment rate - significantly higher than the EU's lowest rate - recorded in the Netherlands at 4.3%.



14 February 2011

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Eurostat, the statistical office of the European Union, estimated that 15.775 million people in the euro area, were unemployed in December 2010.

Among the member states, the highest unemployment rate was found in Spain at 20.2% with Ireland standing at 13.8%.

The lowest unemployment rates were recorded in the Netherlands at 4.3% and Luxembourg at 4.9%.

Compared with November, the number of persons unemployed fell by 73,000 and compared with December 2009, unemployment rose by 178,000 in the euro area.

Between December 2009 and December 2010, the unemployment rate for males rose from 9.8% to 9.9% and the female unemployment rate increased from 10.0% to 10.1%.

In other parts of the world, the USA faced 9.4% unemployment and Japan’s rate stood much lower at 4.9% in December 2010.
Ireland’s unemployment rate reached an all time high of 17.3% in December 1985 and a record low of 3.7% in January of 2001.

The euro area (EA16) consisted of 16 member states up to 31 December 2010: Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. Since 1 January 2011 the euro area (EA17) also includes Estonia.



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