Tuesday, 6 July 2010

Unemployment In Europe Stays At 10%

Unemployment in the euro area in May was unchanged at 10%, in EU27 it was also unchanged at 9.6% compared with April 2010. In May 2009 it was 9.4% and 8.9% respectively according to Eurostat.

The seasonally-adjusted percentage changes equate to 23,127 million unemployed people in the EU27 and 15,789 million unemployed people in the euro area. The number of people unemployed in the euro area increased by 35,000 compared with the previous month and decreased by 37,000 in the EU27. Compared with May 2009 the number had increased by 1.801 million people in EU27 and by 0.991 million people in the euro area.

There was a fall in unemployment in 5 Member States and an increase in unemployment in 22. These figures compare with unemployment in the US in May 2010 at 9.7% and in Japan at 5.2%.

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