facebook
twitter
rss
account
search
search
 

Unemployment in Europe ticks higher

April 2, 2012 at 11:20 AM   |   Comments

BRUSSELS, April 2 (UPI) -- The unemployment rate in Europe rose in February compared to January, the European Union's data office said Monday.

The unemployment rate in the 17-countries that share the euro as currency -- known as the eurozone -- rose form 10.7 percent to 10.8 percent month-to-month. In February 2011, the rate stood at 10 percent.

In the European Union, a 27-nation region that encompasses the eurozone, the rate climbed from 10.1 percent to 10.2 percent month-to-month. From 12 months prior, the rate is up from 9.5 percent in the EU.

The countries with the lowest unemployment rates in the region are Austria at 4.2 percent, the Netherlands at 4.9 percent, Luxembourg at 5.2 percent and Germany at 5.7 percent.

The highest unemployment rate in the EU is in Spain with a rate of 23.6 percent. In Greece, the rate stands at 21 percent.

In eight European countries, the unemployment rate has dropped in the past 12 months. It increased in 18 states and remained stable in Romania, Eurostat said.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
4
Russia doesn't fear Azeri gas, scholar says Russia doesn't fear Azeri gas, scholar says
5
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
Trending News
Around the Web
x
Feedback