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EU unemployment rate remains stable

Date: 31.08.2008

The euro area seasonally-adjusted unemployment rate stood at 7.3% in July 2008, unchanged compared with June. It was 7.4% in July 2007. The EU unemployment rate was 6.8% in July 2008, unchanged compared with June. It was 7.1% in July 2007.

These figures are published by Eurostat, the Statistical Office of the European Communities.

Eurostat estimates that 16.292 million men and women in the EU, of which 11.372 million in the euro area, were unemployed in July 2008. Compared with June 2008, the number of persons unemployed decreased by 73 000 in the EU and increased by 25 000 in the euro area. Compared with July 2007, unemployment fell by 563 000 in the EU and rose by 59 000 in the euro area.

Among the Member States, the lowest unemployment rates were registered in Denmark (2.3%) and the Netherlands (2.6%), and the highest in Spain (11.0%) and Slovakia (10.3%).

Compared with a year ago, twenty Member States recorded a fall in their unemployment rate, six an increase and in one the rate remained stable. The largest falls were observed in Poland (9.5% to 6.8%) and Denmark (4.1% to 2.3%), and the highest increases in Spain (8.2% to 11.0%) and Ireland (4.6% to 5.9%).

The unemployment rate was 5.7% in the USA in July 2008 and 4.1% in Japan in June 2008.

The euro area consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia and Finland.

The EU includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

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