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EU Unemployment Rate Remains At 11.7% In December  Join our daily free Newsletter

MENAFN - Qatar News Agency - 02/02/2013

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(MENAFN - Qatar News Agency) EU data released Friday showed that unemployment in the Eurozone region remained still at 11.7% in December 2012 for the third consecutive month, the current rate is a record high.

The European Union's statistics agency (Eurostat) released the data today and showed that Greece and Spain continued to post the worst rates, at 26.8% and 26.1% had previously.

the 11.7% unemployment rate became a record high after the previous record, 11.8% in November 2012, was revised down to 11.7 as well. The total number jobless people was 18.7 million in the 17 member countries of the Eurozone. The figure is 1.8 million people more than at the same month of the previous year.

The Unemployment rate in the 27 member countries of the EU have also remained constant in December at 10.7% for the third month in a row. The rate equates to 26 million people who are currently without a job. Unemployment rate is at its lowest in Austria, Germany and Netherlands.

In Berlin, annual inflation in the 17-member eurozone was expected to have held steady at 2.2 % for the third consecutive month in January, analysts predicted ahead of the release Friday of latest consumer price data by the European Union statistics office Eurostat.

The last time that inflation fell below the 2 % target set by the European Central Bank was in November 2010.

 






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