Eurozone unemployment rises to 10 percent, Spain hits 19.5 percent

February 8th, 2010 - 7:52 pm ICT by BNO News  

PARIS (BNO NEWS) — The unemployment in the Eurozone, an economic and monetary union of sixteen European Union member states, rose to ten percent in December 2009.

Figures from the Paris-based Organization for Economic Co-operation and Development (OECD), which is an international economic organization of 30 countries, showed that unemployment in the Eurozone rose to 10.0% in December 2009, up 0.1 percentage point from the previous month. Compared to December 2008, the unemployment rate increased 1.8%.

The figures showed that Spain had the highest unemployment rate in December, 19.5 percent (up 0.1% from November), followed by the Slovak Republic (13.6 percent), Ireland (13.3 percent) and Portugal (10.4 percent). France stood at 10.0 percent.

All Eurozone countries, except Austria, Finland, Germany and France, posted a monthly increase in its unemployment rate. Statistics for Greece, Cyprus, Malta and Slovenia were not available. Ireland posted the biggest month on month increase: 0.3 percent.

Austria and Finland showed the most positive results, as its unemployment levels decreased 0.1 percent to 5.4% and 8.8%. Germany and FranceĀ“s unemployment level kept steady at 7.5 and 10.0 percent.

The Netherlands had the lowest unemployment rate in the Eurozone, 4.0 percent. The number rose about 0.1 percent from November.

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