1st February 2013

European unemployment stable in December

Euro area unemployment rate remained stable at 11.7% in December 2012, compared with November 2012. The EU27 unemployment rate also remained stable at 10.7%. compared to December 2011, both rates have risen significantly, when they were 10.7% and 10% respectively. The highest rates were recorded in Greece (26.8% in October 2012) and Spain (26.1%) and the lowest in Austria (4.3%), Germany and Luxembourg (both 5.3%) and the Netherlands (5.8%).

In December 2012, the youth unemployment rate was 23.4% in the EU27 and 24.0% in the euro area, compared with 22.2% and 21.7% respectively in December 2011. In December 2012 the lowest rates were observed in Germany (8.0%), Austria (8.5%) and the Netherlands (10.0%), and the highest in Greece (57.6% in October 2012) and Spain (55.6%). In December 2012, the unemployment rate in the USA was 7.8%. In Japan it was 4.1% in November 2012.

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