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March 4, 2021
BUSINESS

Euro area unemployment rate at 10.1 pc

The euro area seasonally-adjusted un­employment rate was 10.1% in Oc­tober 2010, as compared to 10.0% in September, an Eurostat report in­forms. It was 9.9% in Oc­tober 2009. The EU 27 unemployment rate was 9.6% in October 2010, unchanged compared with September. It was 9.4% in October 2009. Eurostat estimates that 23.151 million men and women in the EU27, of whom 15.947 million were in the euro area, were unemployed in October 2010. Com­pared with September, the number of persons unemployed increased by 84 000 in the EU27 and by 80 000 in the euro area. Compared with October 2009, un­employment rose by 0.590 million in the EU27 and by 0.402 mil­lion in the euro area. Ro­ma­nia is mentioned in the survey with data from Q2, when the unemployment rate reached 7.1%. Among the Member States, the lowest unemployment rates were recor­ded in The Nether­lands (4.4%), Austria (4.8%) and Luxembourg (5.0%), and the highest in Spain (20.7%), Latvia (19.4% in Q2 of 2010) and Lithu­a­nia (18.4% in Q3 of 2010). Euro area annual inflation is expected to be 1.9% in November 2010. It was also 1.9% in October. Euro area inflation is measured by the Mone­tary Union Index of Consumer Prices (MUICP). To compute the MUICP flash estimates, Eurostat uses early price information relating to the reference month from Member States for which data are available, as well as early information about energy prices.

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