Eurozone unemployment rate remains stable at 12.1%
Wednesday 08 January 2014
Eurozone unemployment was stable in November, prompting some analysts to suggest that the region’s problems might be beginning to abate.
Although the jobless number rose 4,000 in the month, that followed a large fall in October and left the total rate at 12.1 per cent for the eighth consecutive month, according to Eurostat. “The region’s labour market downturn is starting to ease”, said James Howat of Capital economics. “Survey measures of employment intentions suggest that eurozone employment might start expanding again over the coming quarters, albeit at a slow pace.”
In Portugal and Ireland the jobless rate declined to 15.5 per cent and 12.3 per cent respectively. In Spain the rate remained steady at 26.7 per cent, although the numbers classified as out of work actually fell by 24,000 in the month. However, in Italy the jobless rate rose to 12.7 per cent, with 58,000 more people registered out of work. France’s jobs market is also stagnant, with the jobless total rising by 10,000 and the rate steady at 10.8 per cent. The most recent figures for Greece relate to September and showed an unemployment rate of 27.4 per cent.
Youth unemployment in the eurozone was 24.2 per cent, up from 23.9 per cent in November 2012 and leaving 3.6 million young people out of work. Total unemployment was lowest in Austria and Germany, where the jobless rate was 4.8 per cent and 5.2 per cent respectively.
- 1 Malaysia issues arrest warrant for Gordon Brown’s sister-in-law after she publishes stories on leader Najib Razak's financial affairs
- 2 Porn block in India: hundreds of sexual websites banned, internet outraged
- 3 Natalia Molchanova: World's most successful free-driver is missing and feared dead after disappearing in Mediterranean
- 4 Dutch King Willem-Alexander declares the end of the welfare state
- 5 Gamers confess the worst things they've done in The Sims
Jackie Chan in second place in Forbes' Highest Paid Actors list after magazine includes actors working outside US movie industry
Malaysia issues arrest warrant for Gordon Brown’s sister-in-law after she publishes stories on leader Najib Razak's financial affairs
Natalia Molchanova: World's most successful free-driver is missing and feared dead after disappearing in Mediterranean
Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks traffic on Dublin road
Dutch King Willem-Alexander declares the end of the welfare state
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Labour leadership race: Jeremy Corbyn could be the next Prime Minister, says Ken Clarke
iJobs Money & Business
£35 - £50k DOE: Guru Careers: A Tax Manager / Accountant (ACA / CA / CTA) is n...
£35000 - £37000 per annum + benefits: Ashdown Group: Contracts Executive - Cit...
£20000 - £25000 per annum + OTE £45K: SThree: SThree Group have been well esta...
£21000 per annum: Recruitment Genius: This is an exciting opportunity to join ...