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Actual | Forecast | Previous | Revised Form | |
| 9.9% | 10.1% | 9.9% | 10.0% | ||
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For January (s.a.)
Provided by: EuroStat Previous Release: PDF |
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| 6/2 | 7/2 | 7/31 | 9/1 | 10/1 | 10/30 | 12/1 | 1/8 | 1/29 | 3/1 | ||
| Actual | 9.2% | 9.5% | 9.4% | 9.5% | 9.6% | 9.7% | 9.8% | 10.0% | 10.0% | 9.9% | |
| Forecast | 9.1% | 9.3% | 9.7% | 9.5% | 9.6% | 9.7% | 9.8% | 9.9% | 10.1% | 10.1% | |
| Previous | 8.9% | 9.2% | 9.3% | 9.4% | 9.5% | 9.6% | 9.8% | 9.8% | 9.9% | 9.9% | |
| Revised From | N/A | N/A | 9.5% | N/A | N/A | N/A | 9.7% | N/A | 10.0% | 10.0% | |
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Actual | Forecast | Previous | Revised Form | |
| -0.2% | -0.5% | N/A | |||
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For 4th Quarter
Employment Change y/y: -2.0%, pr. -2.1% (3Q), -1.8% (2Q),
From the Release: "The number of persons employed in the euro area1 (EA16) fell by 0.2% (347 000 persons) in the fourth quarter of 2009 compared with the previous quarter... Falls in employment were recorded in manufacturing (-1.1% in the euro area and -1.0% in the EU27), construction (-0.4% and -0.7% respectively) and trade, transport & communication services (-0.5% in both zones). Financial services & business activities decreased by 0.1% in the euro area, but grew by 0.1% in the EU27. Agriculture increased by 0.5% and 0.1% respectively, and other services (which mainly includes public administration, health and education) grew by 0.2% in both zones. |
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| 3/17 | 6/13 | 9/12 | 12/16 | 3/16 | 6/15 | 9/14 | 12/14 | 3/15 | |||
| Actual | 0.2% | 0.3% | 0.2% | -0.1% | -0.3% | -0.8% | -0.5% | -0.5% | -0.2% | ||
| Forecast | |||||||||||
| Previous | 0.3% | 0.3% | 0.3% | 0.2% | -0.1% | -0.4% | -0.7% | -0.5% | -0.5% | ||
| Revised From | N/A | 0.2% | N/A | N/A | N/A | -0.3% | -0.8% | N/A | N/A | ||
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Actual | Forecast | Previous | Revised Form | |
| -0.5% | -0.5% | N/A | |||
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For 3rd Quarter
Employment Change y/y: -2.1%, pr. -1.8% (2Q), -1.2% (1Q),
Euro-zone employment decreased 0.5% in the 3rd quarter from the previous three months. That has been reflected by a rise in the unemployment rate to 9.8%, the highest since December 1998. Higher unemployment will have an impact on consumer spending and can limit the strength of the recovery.
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Actual | Forecast | Previous | Revised Form | |
| 9.6% | 9.6% | 9.5% | N/A | ||
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For August
(s.a.)
The unemployment rate inched up to 9.6% in the Euro-zone for the month of August. The data shows that the weak economy continues to shed jobs at a pace that cannot keep up with population growth. August's rate is the highest unemployment rate in more than 10 years. Seasonally adjusted unemployment in the 16-country region rose by 165,000 to 15.2 million. The increase in unemployment was similar to that seen in May, but sharply lower than earlier in the year when monthly increases were averaging about 400,000. There is a pretty big disparity in joblessness between the member nations with Spain seeing its rate at 18.9%, while the Netherlands has an unemployment rate of 3.5%. Germany, the largest economy in the euro-zone, remained at 7.7%, as government programs encouraged companies to introduce short-time working. |
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Actual | Forecast | Previous | Revised Form | |
| 9.2% | 9.1% | 8.9% | N/A | ||
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For April
(s.a.)
The unemployment rate in the nations that make up the Euro-zone rose to 9.2% in April, a bigger jump than expected, and the highest rate in almost 10 years. The global recession has sapped demand for the region's exports which has cut into industrial production and investment. That has caused a large increase in layoffs. Despite some signs that the Euro-zone economy's recession may be easing, the deterioration in the labor market will hamper any recovery, making it a prolonged and slow recovery when growth starts once again. |
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | 0.2% | N/A | |||
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For 3rd Quarter
Employment Change y/y: 0.8%, pr. 1.3% (rev. from 1.2%, 2Q), 1.6% (1Q) Employment fell by 0.1% in the three months through September reported EuroStat. This is the first drop since the 1st quarter of 2004. Annual employment eased to 0.8% from 1.3%. The third quarter showed the Euro-zone officially in recession and that translated into job losses. The recession deepened during the 4th quarter so this number should fall again next time around. |
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.3% | N/A | |||
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For 2nd Quarter
Employment Change y/y: 1.2%, pr. 1.6% (1Q) Euro-zone payrolls grew by 0.2% in the 2nd quarter compared to the 1st quarter. On the year employment change cooled to 1.2% from the 1.6% seen in the previous report. That is the slowest pace since the 4th quarter of 2005. A slowing labor market will only add extra strain on consumers faced with higher costs. |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.3% | 0.2% | |||
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For 1st Quarter
The number of people employed in the euro-area rose 0.3% in the first quarter, which amounts to 446K jobs. This figure matched the 4th quarter, where employment was revised up to show a 0.3% increase from the original 0.2%. From a year earlier, employment growth slowed to 1.6% from 1.8%. Employment took a hit in Italy which saw a -0.2% change for the quarter. Germany saw a 0.5% increase, the same as teh 4th quarter. |
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.3% | N/A | |||
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For 4th Quarter
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