Euro Area Unemployment Rate Climbs Slightly to 12.1% in March

Business » FINANCE | April 30, 2013, Tuesday // 15:32| Views: | Comments: 0
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Bulgaria: Euro Area Unemployment Rate Climbs Slightly to 12.1% in March

The euro area unemployment rate advanced to 12.1% in March from 12% in the previous two months, according to Eurostat.

In the 27-country European Union, the unemployment rate was unchanged at 10.9% in March versus the prior month.

Germany and Austria had the lowest rates, of 7.6%, while the highest levels of joblessness were in Greece, at 27.2% for January, Spain, 26.7% and Portugal 17.5%.

Eurostat estimates that 26.521 million men and women in the EU27, of whom 19.211 million were in the euro area, were unemployed in March 2013. Compared with February 2013, the number of persons unemployed increased by 69 000 in the EU27and by 62 000 in the euro area. Compared with March 2012, unemployment rose by 1.814 million in the EU27 and by 1.723 million in the euro area.

Bulgaria’s unemployment rate was 12.6% in March 2013.

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