While the talking goes on the unemployment in Europe keeps rising
Figures published today by Eurostat, the statistical office of the European Union, show European unemployment continuing to rise.
The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 11.1% in May 2012, compared with 11.0% in April4. It was 10.0% in May 2011. The EU271 unemployment rate was 10.3% in May 2012, compared with 10.2% in April4. It was 9.5% in May 2011.
Eurostat estimates that 24.868 million men and women in the EU27, of whom 17.561 million were in the euro area, were unemployed in May 2012. Compared with April 2012, the number of persons unemployed increased by 151 000 in the EU27 and by 88 000 in the euro area. Compared with May 2011, unemployment rose by 1.952 million in the EU27 and by 1.820 million in the euro area.