Eurozone Unemployment Marks New Record in March
May 7th, 2013
According to the latest data provided by Eurostat, the rate of unemployment in the eurozone climbed to a record high of 12.1% in March, one-tenth above the February figure and well above the 11% registered a year ago, which once again puts Greece and Spain at the head of unemployment. In the European Union (EU) as a whole, the unemployment rate remained stable in March, at 10.9%, exceeding the March 2012 figure by six tenths.
The European statistical agency estimates that 26.521 million people were unemployed in the EU in March, of which 19.211 million were in the eurozone, which represents a monthly increase of 69,000 unemployed in the whole of the EU, of which 62,000 were in the eurozone. Compared to March 2012, the number of unemployed in the EU rose by 1.814 million people, of which 1.723 million related to the eurozone.
Diario Sur reported that, among the Member States for which data is available, the lowest unemployment rates were registered in Austria (4.7%), Germany (5.4%), Luxembourg (5.7%) and the Netherlands (6.4%), while the highest were those of Greece (27.2% in January), Spain (26.7%) and Portugal (17.5%).
Furthermore, Eurostat reported that the male unemployment rate remained stable in the eurozone at 11.9% and in the EU at 10.9%, and that female unemployment also remained unchanged in both regions, at 11% and 12.2%, respectively.
The youth unemployment rate registered at 24% in the eurozone, while it remained stable in the EU at 23.5%. In the whole of the EU, a total of 5.690 million young people were unemployed in the month of March, of which 3.599 million corresponded to the eurozone, which represented an increase in the number of youths unemployed, year-on-year, of 177,000 and 184,000 respectively.
In Spain, where the unemployment rate in March stood at 26.7%, the second highest across the EU, behind only the 27.2% Greece registered in January, the male unemployment rate was once again the highest in the whole of the EU, standing at 26.2%, one-tenth above the figure for February.
The female unemployment rate in Spain reached 27.2%, two percentage points more than in February and behind only the 31.4% registered in Greece, while for those unemployed under 25 years of age, the rate of unemployment remained at 55.9% in Spain, while in Greece it reached 59.1% (in January).
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