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Eurozone unemployment rate at 10% | Eurozone unemployment rate at 10% |
(11 minutes later) | |
Unemployment in the 16 countries that use the euro hit 10% in December for the first time since the single currency was introduced in 1999. | Unemployment in the 16 countries that use the euro hit 10% in December for the first time since the single currency was introduced in 1999. |
It had been reported that the rate hit 10% in November, but this has subsequently been revised down to 9.9%. | It had been reported that the rate hit 10% in November, but this has subsequently been revised down to 9.9%. |
Some 15.8 million people are now out of work in the eurozone, according to Eurostat. | Some 15.8 million people are now out of work in the eurozone, according to Eurostat. |
Across all 27 countries that make up the EU, there are now 23 million people unemployed. | Across all 27 countries that make up the EU, there are now 23 million people unemployed. |
Youth unemployment | |
Latvia has the highest jobless rate in the EU at 22.8%. | Latvia has the highest jobless rate in the EU at 22.8%. |
Spain continues to have the highest rate in the eurozone - rising to 19.5% in December, up from 19.4% in November. | Spain continues to have the highest rate in the eurozone - rising to 19.5% in December, up from 19.4% in November. |
EU UNEMPLOYMENT RATES Highest: Latvia - 22.8%Spain - 19.5%Estonia - 15.2% Lowest: Netherlands - 4.0%Austria - 5.4%Cyprus - 6.1% Source: Eurostat | |
The Netherlands has the lowest jobless rate at 4%, followed by Austria at 5.4%. | The Netherlands has the lowest jobless rate at 4%, followed by Austria at 5.4%. |
Some 21% of under-25s in the eurozone were unemployed in December 2009, with Spain suffering the highest rate of all, at 44.5%. | |
According to Eurostat, a total of 87,000 jobs were lost across the eurozone during December. That was the lowest increase since May 2008. | |
Responding to the figures, Howard Archer from IHS Global Insight says eurozone unemployment will increase further in the coming year. | |
"Although the rise in eurozone unemployment has slowed in recent months, it still seems poised to trend higher during much, if not all, of 2010," he said. | |
Separate figures released by the country's National Statistics Institute show that in the final three months of 2009, 4.33 million people were unemployed in Spain. | Separate figures released by the country's National Statistics Institute show that in the final three months of 2009, 4.33 million people were unemployed in Spain. |
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