Eurozone official jobless rate steady at 9.9 per cent in June

AFP, Monday 1 Aug 2011

Unemployment in monetary union and wider EU remains much the same for fourth month running, according to official data

The unemployment rate in the eurozone remained steady at 9.9 per cent for the fourth month running in June, official European Union data showed Monday. 

An estimated 15.6 million men and women were unemployed in the 17-nation single currency area in May, an increase of 18,000 from May, according to Eurostat data agency.

The eurozone's seasonally adjusted jobless rate dropped under the 10 per cent mark in March and has settled at 9.9 per cent since. A year earlier it stood at 10.2 per cent.

The unemployment rate of the wider 27-nation European Union, which includes Britain and Poland, was also unchanged at 9.4 per cent in June, compared with 9.7 per cent a year earlier.

About 22.473 million people were unemployed in the EU in June, 38,000 fewer than in May.

Spain still had the highest unemployment rate in the eurozone in May at 21 per cent, while the lowest was recorded in Austria at 4 per cent.

Over a year, unemployment fell in 19 EU nations, increased in seven and remained stable in Luxembourg.

Youth unemployment stood at 20.3 per cent in the euro area and 20.5 per cent in the EU 27, ranging from the lowest rate in the Netherlands, at 7.1 per cent, to the highest rate of 45.7 per cent, recorded in Spain.

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