Eurozone Unemployment Rises in August

Photo of Trey Thoelcke
By Trey Thoelcke Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The unemployment level in the euro area (EA17) rose to 11.4% in August, which matched July’s number. The jobless figure for the broader EU27 was 10.5%. Both figures demonstrate the extent to which recession has gripped the region, and the long odds that face Europe as it tries to dig out of a deepening recession.

According to EuroStat, Germany continues to have low unemployment at a level of 5.5%. Greece’s unemployment level was at a terribly high 24.4% (Greek numbers cover June). And Spain, the area nation that has had the highest unemployment rates for months, the number was 25.1%.

Eurostat estimates that 25.466 million men and women in the EU27, of whom 18.196 million were in the euro area,were unemployed in August 2012. Compared with July 2012, the number of persons unemployed increased by49 000 in the EU27 and by 34 000 in the euro area. Compared with August 2011, unemployment rose by 2.170 million in the EU27 and by 2.144 million in the euro area.

Douglas A. McIntyre

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618