28th February 2013

European unemployment rate up again

Euro area unemployment rate rose to 11.9% in January 2013 compared to 11.8% in December 2012. The EU27 unemployment rate climbed to 10.8%, up from its 10.7% level in December 2012. In both EU27 and the Euro area, rates have risen significantly compared to the rates from January 2012, when they were 10.8% and 10.1% respectively.

The lowest unemployment rates were measured in Austria (4.9%), Germany and Luxembourg (both 5.3%) and the Netherlands (6.0%). On the other hand, the highest rates were recorded in Greece (27.0% in November 2012), Spain (26.2%) and Portugal (17.6%).

Youth unemployment remains crucial problem of many European countries, but the highest rates were recorded again in Greece (59.4% in November 2012), Spain (55.5%) and Italy (38.7%).

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Members of the American Chamber of Commerce in the Czech Republic