Euro area unemployment rate at 10.1% EU27 at 9.6%

The euro area(EA16) seasonally-adjusted unemployment rate was 10.1% in October 2010, compared with 10.0% in September. It was 9.9% in October 2009. The EU271 unemployment rate was 9.6% in October 2010, unchanged compared with September. It was 9.4% in October 2009.Eurostat estimates that 23.151 million men and women in the EU27, of whom 15.947 million were in the euro area, were unemployed in October 2010. Compared with September, the number of persons unemployed increased by 84 000 in the EU27 and by 80 000 in the euro area. Compared with October 2009, unemployment rose by 0.590 million in the EU27 and by 0.402 million in the euro area.

These figures are published by Eurostat, the statistical office of the European Union.

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.4%), Austria (4.8%) and Luxembourg (5.0%), and the highest in Spain (20.7%), Latvia (19.4% in the second quarter of 2010) and Lithuania (18.4% in the third quarter of 2010).Compared with a year ago, the unemployment rate fell in eight Member States and increased in nineteen. The largest falls were observed in Germany (7.5% to 6.7%), Malta (6.9% to 6.2%), Sweden (8.8% to 8.1%) and Finland (8.7% to 8.0%). The highest increases were registered in Lithuania (14.4% to 18.4% between the third quarters of 2009 and 2010), Greece (9.2% to 12.2% between the second quarters of 2009 and 2010) and Latvia (16.5% to 19.4% between the second quarters of 2009 and 2010).

Between October 2009 and October 2010, the unemployment rate for males rose from 9.8% to 9.9% in the euro area and from 9.5% to 9.6% in the EU27. The female unemployment rate increased from 9.9% to 10.3% in the euro area and from 9.2% to 9.6% in the EU27. In October 2010, the youth unemployment rate (under-25s) was 20.1% in the euro area and 20.4% in the EU27. In October 2009 it was 20.2% and 20.6% respectively. The lowest rates were observed in Germany and the Netherlands (both 8.5%) and Austria (9.8%), and the highest rates in Spain (43.2%), Lithuania (35.3% in the third quarter of 2010) and Latvia (34.0% in the second quarter of 2010). In the USA, the unemployment rate was 9.6% in October 2010. In Japan it was 5.0% in September 2010. 

News source: Eurostat link: article