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| Version 0 | Version 1 |
|---|---|
| Eurozone jobless at 10-year high | Eurozone jobless at 10-year high |
| (20 minutes later) | |
| Unemployment levels across the 16 countries that use the euro hit a 10-year high in July, as the impact of the recession continued to be felt. | Unemployment levels across the 16 countries that use the euro hit a 10-year high in July, as the impact of the recession continued to be felt. |
| The number of people unemployed across the eurozone region totalled 15.1 million people in July, a seasonally-adjusted rate of 9.5%. | The number of people unemployed across the eurozone region totalled 15.1 million people in July, a seasonally-adjusted rate of 9.5%. |
| This was the worst monthly percentage figure recorded since May 1999. | This was the worst monthly percentage figure recorded since May 1999. |
| The figure across all 27 members of the European Union was 9%, or 21.8 million people out of work. | The figure across all 27 members of the European Union was 9%, or 21.8 million people out of work. |
| This was the highest level of unemployment across the EU as a whole since 2005. | This was the highest level of unemployment across the EU as a whole since 2005. |
| 'Time-lag' | 'Time-lag' |
| Unemployment increased in July in France - despite it exiting recession between April and June. | Unemployment increased in July in France - despite it exiting recession between April and June. |
| HIGHEST UNEMPLOYMENT Spain 18.5%Latvia 17.4%Lithuania 16.7%Republic of Ireland 12.5%Slovakia 12% Figures for July. Source: Eurostat | HIGHEST UNEMPLOYMENT Spain 18.5%Latvia 17.4%Lithuania 16.7%Republic of Ireland 12.5%Slovakia 12% Figures for July. Source: Eurostat |
| France's unemployment rate in July rose to 9.8% from 9.6% in June. | France's unemployment rate in July rose to 9.8% from 9.6% in June. |
| Germany, which also emerged from recession in April to June, saw an unemployment rate of 7.7% in July, the same as June. | Germany, which also emerged from recession in April to June, saw an unemployment rate of 7.7% in July, the same as June. |
| Analysts put both sets of figures down to the usual time-lag you get before employment levels start to pick up again once a country has left recession. | Analysts put both sets of figures down to the usual time-lag you get before employment levels start to pick up again once a country has left recession. |
| Separate figures on Tuesday from the German Federal Labour Agency showed that German unemployment rose to 8.3% in August. However, its figures are released on an unadjusted basis, and therefore cannot be easily compared with the seasonally adjusted data from Eurostat. | |
| LOWEST UNEMPLOYMENT Netherlands 3.4%Austria 4.4%Cyprus 5.5%Denmark 5.9%Czech Republic 6.4%Luxembourg 6.4% Figures for July. Source: Eurostat | LOWEST UNEMPLOYMENT Netherlands 3.4%Austria 4.4%Cyprus 5.5%Denmark 5.9%Czech Republic 6.4%Luxembourg 6.4% Figures for July. Source: Eurostat |
| "Even though some eurozone countries returned to growth in the second quarter, and others are likely to follow in the third quarter, we suspect that economic activity will remain too weak to actually generate net jobs until at least the second half of 2010," said economist Howard Archer of IHS Global Insight. | "Even though some eurozone countries returned to growth in the second quarter, and others are likely to follow in the third quarter, we suspect that economic activity will remain too weak to actually generate net jobs until at least the second half of 2010," said economist Howard Archer of IHS Global Insight. |
| The unemployment rate in July was again highest in Spain, where it rose to 18.5% from 18.2% in June. | The unemployment rate in July was again highest in Spain, where it rose to 18.5% from 18.2% in June. |
| It remained the lowest in the Netherlands, which it increased to 3.4% from June's 3.3%. | It remained the lowest in the Netherlands, which it increased to 3.4% from June's 3.3%. |