PARIS – On Friday, the European statistics agency Eurostat, released new European Union and euro zone unemployment figures from January, showing record highs.
Here is a breakdown of the alarming numbers:
– More than 26 million people unemployed in the 27-member European Union.
– Almost 19 million unemployed in the 17-country euro zone.
– Euro zone average: 11.9% unemployment
– European Union average: 10.8% unemployment
– Highest rates:
Greece: 27%
Spain 26.2%
Portugal: 17.6%
– Lowest rates:
Austria: 4.9%
Germany and Luxemburg: 5.3%
– The U.S.: 7.9% unemployment in Jan. 2013.
– Australia: 5.4%
– Japan: 4.2%
Not surprisingly, youth unemployment was also up:
– Euro zone youth unemployment: 24.2%, up from 21.9 in Jan. 2012.
– European Union under-25 unemployment: 23.6%, up from 22.4% in Jan. 2012.
The worst European countries for youths:
– Greece: 59.4% youth unemployment rate.
– Spain: 55.5% youth unemployment rate.
