01 Jun 2010

EU Unemployment for April 2010

Unemployment in the eurozone is reaching sky-high levels as it just hit 10.1% in March, per Eurostat, the statistical office of the European Union.

This rate of unemployment is the highest it ever got since the euro was introduced in 1999. Sixteen million people across the 16 eurozone countries are jobless or 23.3 million across all the 27 countries that form the European Union. Contrary to the tendency, Germany is the only country that demonstrated a decrease in unemployment - from 7.6% to 7.1% for the period April 2009 - April 2010.

The Netherlands, on the other hand, has the lowest jobless rate of 4.1%, which is in a great contrast with that of Spain’s 19.7% and Latvia’s 22.5%. UK is currently at 7.9%.

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