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Dublin: 15 °C Saturday 25 May, 2013

11.4 per cent: Eurozone unemployment reaches another record high

Unemployment throughout the European Union is 10.5 per cent – with 25.5 million people looking for work throughout the bloc.

Image: Petros Giannakouris/AP

UNEMPLOYMENT in the eurozone has continued to rise, reaching another all-time record, according to figures published today.

Figures compiled by Eurostat, the EU’s statistics agency, show unemployment in the 17-member euro area as having reached 11.4 per cent in August – the highest since the single currency was formed 13 years ago.

Unemployment in the EU as a whole is also up, having risen to 10.5 per cent.

The jobless figures in the eurozone are up by 1.2 per cent, and in the EU as a whole by 0.8 per cent, in the last twelve months.

Spain has the highest unemployment in either group, at 25.1 per cent, ahead of Greece on 24.4 per cent. Austria and Luxembourg have the lowest rates, at 4.5 per cent and 5.2 per cent respectively.

The figures show 25.5 million people across the European Union are looking for work, of whom 18.2 million are in the eurozone.

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Comments (14 Comments)

  • These figures can’t be accurate, Ireland voted Yes to the Fiscal STABILITY Treaty

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  • And in other breaking news, Eurozone heads are shocked to hear news that The Titanic sank!

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  • see austerity is working well then!!!

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  • yep..if we don’t send a lander to their planet with a messsage soon then its full steam adrift to the usual solution to economic collapse; solve it by throwing a global war…thats always too big to fail…isn’t it??

    Sure it worked the last time, can’t be any harm to try it again.

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  • When are are the proletariat going to rise up?

    Too many lumpen in Ireland these days :(

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    • “When are are the proletariat going to rise up?”

      Never. I’ve been puzzling over this and given the extent of revelations and ructions that have failed to make people rise up I can’t envisage a situation that would make people rise up, except, possibly, a country wide power outage.

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    • Stop repeating everyone Damocles.

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    • Damocles 01/10/12 #

      “Stop repeating everyone Damocles.”

      Why?

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    • People in this country will never demand accountability or fairness. A nation of weaklings unfortunately, who are only happy when they are being shat upon and who will never do anything about it. This certainly is not France or Germany or Holland or Portugal. No one else would tolerate this but the weaklings of Ireland.

      It’s very sad to see.

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  • I don’t really see why they’re so surprised:

    1) Austerity measures are slashing billions and billions out of the economy of the Eurozone.
    2) Banks aren’t lending and credit lines have dried up in many countries.
    3) There’s serious nervousness and consumer and business confidence is on the floor.
    4) The previously acute crisis is now a chronic on-going event that seems to have no end in sight.
    5) The EU’s institutions take months and years to do something to resolve it only to find that Finland, Germany and the Netherlands pull the rug out from under them further undermining market and consumer confidence.

    They repeat the same mistakes over and over and the crisis just tumbles on and on.

    Realistically, something very serious has to be done to take this whole thing in hand. It’s just continuing to spin out of control. I just get the impression that none of the European governments nor the EU has the competence or the ability to deal with it. They’re completely incapable of getting their collective acts together!

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  • When the euro collapses,what work will the euro beauracrats do,and who will fund there pensions…..along side the 10.5 %..cos some country is goin to pull the plug sooner or later……

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