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Euro unemployment at decade high | Euro unemployment at decade high |
(10 minutes later) | |
Unemployment in the 16 countries using the euro increased in April to its highest level in nearly ten years, official data has shown. | Unemployment in the 16 countries using the euro increased in April to its highest level in nearly ten years, official data has shown. |
The unemployment rate in the eurozone rose to 9.2% from 8.9% in March, the highest rate since September 1999, the Eurostat data agency said. | The unemployment rate in the eurozone rose to 9.2% from 8.9% in March, the highest rate since September 1999, the Eurostat data agency said. |
Unemployment in the wider 27-member European Union (EU) rose to 8.6% in April from 8.4% the previous month. | Unemployment in the wider 27-member European Union (EU) rose to 8.6% in April from 8.4% the previous month. |
Eurostat estimates that 20.8m people in the EU were unemployed in April. | Eurostat estimates that 20.8m people in the EU were unemployed in April. |
This was an increase of 556,000 from March's figure. | This was an increase of 556,000 from March's figure. |
The number of people out of work in the eurozone increased by 396,000 to 14.58m. | The number of people out of work in the eurozone increased by 396,000 to 14.58m. |
EU UNEMPLOYMENT RATES Highest: Spain - 18.1%Latvia - 17.4%Lithuania - 16.8% Lowest: Netherlands - 3.0%Austria - 4.2%Cyprus - 5.4% Source: Eurostat | |
In April, Spain had the highest unemployment rate of any country in the EU at 18.1%, followed by Latvia (17.4%) and Lithuania (16.85). | In April, Spain had the highest unemployment rate of any country in the EU at 18.1%, followed by Latvia (17.4%) and Lithuania (16.85). |
However, separate data from the Spanish Labour Ministry for May showed the number of people filing claims for unemployment benefits in Spain fell slightly after 14 months of steady increases. | However, separate data from the Spanish Labour Ministry for May showed the number of people filing claims for unemployment benefits in Spain fell slightly after 14 months of steady increases. |
The decline of 24,741 left the jobless total at 3,620,139. | The decline of 24,741 left the jobless total at 3,620,139. |
Rises across Europe | Rises across Europe |
Unemployment increased in 25 out of the 27 EU member states. Romania and Greece were the only countries which saw their unemployment rates fall. | Unemployment increased in 25 out of the 27 EU member states. Romania and Greece were the only countries which saw their unemployment rates fall. |
In Germany, Europe's biggest economy, unemployment rose to 7.7% from 7.6% in March. | In Germany, Europe's biggest economy, unemployment rose to 7.7% from 7.6% in March. |
Economic activity will remain too weak to actually generate jobs overall until well into 2010 Howard Archer, IHS Global Insight | |
And in France, the second-biggest, unemployment increased to 8.9% from 8.8% a month earlier. | And in France, the second-biggest, unemployment increased to 8.9% from 8.8% a month earlier. |
Even if signs of economic recovery begin to emerge, economists warned that unemployment is a lagging indicator. | Even if signs of economic recovery begin to emerge, economists warned that unemployment is a lagging indicator. |
"It will be some time before any improvement in economic activity feeds through to help the jobs outlook," said Howard Archer from IHS Global Insight. | "It will be some time before any improvement in economic activity feeds through to help the jobs outlook," said Howard Archer from IHS Global Insight. |
"Furthermore, we suspect that economic activity will remain too weak to actually generate jobs overall until well into 2010. | "Furthermore, we suspect that economic activity will remain too weak to actually generate jobs overall until well into 2010. |
"Deep and extended economic contraction, depressed business confidence and deteriorating profitability are currently increasingly feeding through to push unemployment up sharply across the eurozone." | "Deep and extended economic contraction, depressed business confidence and deteriorating profitability are currently increasingly feeding through to push unemployment up sharply across the eurozone." |