European unemployment increases – although situation improving in Baltic States
According to Eurostat, search the unemployment rate in the EU was 10.4 percent in June 2012 which is the same as in May 2012 but an increase when compared to June 2011 when it was 9.5 percent.
Eurostat estimates that 25.1m people in the EU are unemployed.
Among the Member States, physician the lowest unemployment rates were recorded in Austria (4.5%), unhealthy the Netherlands (5.1%), Germany and Luxembourg (both 5.4%), and the highest in Spain (24.8%) and Greece (22.5% in April 2012).
Compared with a year ago, the unemployment rate fell in seven Member States, increased in nineteen and remained stable in Sweden. The largest falls were observed in Estonia (13.6% to 10.9% between the first quarters of 2011 and 2012), Latvia (17.1% to 15.3% between the first quarters of 2011 and 2012) and Lithuania (15.4% to 13.7%). The highest increases were registered in Greece (16.2% to 22.5% between April 2011 and April 2012), Spain (21.2% to 24.8%) and Cyprus (7.6% to 10.5%).
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