(MENAFN - Kuwait News Agency (KUNA)) In the 17 member euro area unemployment rate was 11.7% in October, up from 11.6% in September. The unemployment rate in the 27 member European Union was 10.7% in October 2012, up from 10.6% in September4.
In both zones, rates have risen markedly compared with October 2011, when they were 10.4% and 9.9% respectively. These figures were published Friday by Eurostat, the statistical office of the European Union.
Eurostat estimates that 25.913 million men and women in the EU, of whom 18.
703 million were in the euro area, were unemployed in October. Compared with September, the number of persons unemployed increased by 204, 000 in the EU and by 173, 000 in the euro area. Compared with October 2011, unemployment rose by 2.160 million in the EU and by 2.174 million in the euro area.
Among the EU Member States, the lowest unemployment rates were recorded in Austria (4.3%), Luxembourg (5.1%), Germany (5.4%) and theNetherlands (5.5%), and the highest in Spain (26.2%) and Greece (25.4% ).