03/08/2013
European Union Unemployment Rates
The eurozone crisis continues as Eurostat, the official data tracking agency of the European Union, released unemployment figures for the month of January. So I thought we’d take a look at various countries and their rates vs. Jan. 2012.
Euro area 17...10.8% [Jan. 2012]...11.9% [Jan. 2013...all-time high]
EU 27...10.1...10.8
Both eurozone and selected EU states...Jan. 2012...Jan. 2013
Austria...4.0...4.9
Belgium...7.1...7.4
Britain...8.3...7.7 [Nov. 2012...Eurostat latest...around 7.9 today]
Denmark...7.4...7.4
France...10.0...10.6
Germany...5.6...5.3
Greece...20.8...27.0 [Nov. 2012...latest data]
Ireland...15.1...14.7
Italy...9.6...11.7
Netherlands...5.0...6.0
Poland...9.9...10.6
Portugal...14.7...17.6
Spain...23.6...26.2
Sweden...7.9...8.0
U.S. ...8.3...7.9
Japan...4.5...4.2 [Dec. 2012]
So you can see the pain in the periphery – Greece, Italy, Portugal and Spain – worsens, with also some of the following youth rates (under 25 years of age) for Jan. 2013:
Greece 59.4% [Nov. 2012]
Italy...38.7
Portugal...38.6
Spain...55.5
Just tragic...a lost generation, particularly in the case of Greece and Spain.
Source: Eurostat.ec
Wall Street History will return in two weeks.
Brian Trumbore
