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Rising Unemployment – Industry Claims More Flexibility

Business › Economy ♦ Published: June 1, 2012; 21:06 ♦ (Vindobona)

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Among the EU member states, Austria has still the lowest unemployment quota. Compared to May 2011, the number of unemployed persons rose by 5.1%.

Rising Unemployment – Industry Claims More Flexibility / Picture: © Vindobona.org

The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 11.0% in April 2012, stable compared with March4. It was 9.9% in April 2011. The EU271 unemployment rate was 10.3% in April 2012, compared with 10.2% in March4. It was 9.5% in April 2011.

Eurostat estimates that 24.667 million men and women in the EU27, of whom…