In April, the unemployment rate in the Euro zone grew to a record level of 12.2% compared with 12.1% in March. According to Eurostat’s methodology, the proportion of jobless in Poland was 10.8%.
As the European Statistical Office announced, in April 26.588 million people in the European Union remained jobless, including 19.375 million in the Euro zone.
In comparison to March, the number of unemployed in Europe grew by 104 thousand, whereas annualized there were 1.673 million people out of work. In essence, unemployment on the Old Continent has been rising for the 5th month in a row.
In April, the lowest unemployment was noted in Austria (4.9%), Germany (5.4%) and Luxemburg (5.6%). The highest rate of unemployment was observed in Greece (27%, February data), Spain (26.8%) and Portugal (17.8%).
Due to the differences in research methodology, the rate of unemployment in Poland (10.8%) as announced by Eurostat differs from the one announced by the Central Statistical Office (14%). In Poland, 1.7 million are jobless.
Compared with the previous year, unemployment has risen in 18 member states and fell in 9 of them. The highest rise was noted in Greece (from 21.9% to 27%), Cyprus (from 11.2% to 15.6%) and Portugal (from 15.4% to 17.8%). The sharpest drops were reported by Latvia (from 15.5% to 12.4%), Estonia (from 10.6% to 8.7%) and Ireland (from 14.9% to 13.5%).
Unemployment among those aged 15-24 was 23.5% in the European Union (24.4% in the Euro zone). 3.624 million young people remain jobless. The highest proportion of young people out of work continues to remain high in Greece (62.5%), Spain (56.4%) and Portugal (42.5%). On the opposite side is Austria and Germany where unemployment among young people remains below 8%.
How many people in Poland actually work and what is the real number of unemployed Poles? According CSO’s newest data, showing the economic activity of Poles in 2012, it turns out that in Poland there are only 15.6 million people who work and 1.7 million of Poles are unemployed.
Cartoon: Stefan Papp, 'Division of national income' 1964, table: Eurostat