IIEA Membership Details

Prices and Gift Cards

Sign Up to the IIEA Monthly Newsletter

Sitemap Find what you need quickly



Record High for Eurozone Unemployment

30 Nov 2011

Yesterday, the IIEA published the latest in our series of infographics on European economic issues, this time devoted to the crucial and under-reported issue of EU unemployment.

Today, Eurostat published its latest 'Euroindicator' on unemployment, showing further increases in the EU27 joblessness rate from 9.7% to 9.8% and in the euro area rate from 10.2% to 10.3%.

Reporting for the FT, Ralph Atkins noted that the seasonally-adjusted jobless total for the euro area is now at the highest level since comparable pan-eurozone data started in 1995. Reflecting the deepening of economic divergences across the currency bloc, Italy and Spain saw further significant rises in unemployment while Germany reported further falls. Ireland's national rate has also risen slightly in line with European trends, according to new figures released by its Central Statistics Office. But more worrying for Irish citizens and policymakers than this relatively minor fluctuation will be the latest report from the ESRI, which has drastically downgraded its growth forecasts for the economy on the back of a darkening European outlook. The Irish Times reports:

In its latest Quarterly Economic Commentary, published this morning, the ESRI stresses the importance of a resolution of the euro area crisis for Irish economic recovery.

“As long as Europe remains in crisis, there is little prospect of Ireland returning to a path of sustainable, export-led growth,” the thinktank states.

Compared to its last assessment three months ago, the institute is now gloomier about next year’s economic prospects by almost every measure, including employment.


This content forms part of the E View project, which is part-funded by DG Communication of the European Parliament. 


As an independent forum, the Institute does not express any opinions of its own. The views expressed in the article are the sole responsibility of the author.

No comments

Post comment


Post a Comment

If you register as a user, you will be able to post comments without this CAPTCHA.
Type text into the box
Please keep your comments on the topic of the content, and avoid including links to external sites that are off-topic. Comments are moderated; those that are offensive, contain spam or are off-topic will not be published. There may be a delay between comments being submitted and comments being posted due to the moderation process, but we will keep this delay to a minimum. Such a delay does not automatically mean we have ignored or rejected your comment. Our aim is to build a community with online users who are informed and engage in healthy discussion. The IIEA does not accept any responsibility for any statement posted by a member on www.iiea.com. View the full comment guidelines and conditions here.

Latest Entries

Sort by Theme

Sort by Authors

Sort by Tags

Search Blog Archive