View more on these topics

Eurozone unemployment hits decade high

Unemployment in the eurozone has reached its highest level in a decade, rising to 9.2% in April.

This compares with 8.9% in March, and is a substantial jump from April 2008, when unemployment stood at 7.3%.

Unemployment in the largest 27 countries in the European Union (EU27) was 8.6% in April, a slight increase from 8.4% in March. The difference between April 2007 and April 2008 was more marked for the EU27 countries, with a 1.8% rise over the year.

According to figures from Eurostat, the statistical office of the European communities, Latvia, Lithuania and Spain are suffering most, with the proportion of jobless lying between 16.8% and 18.1%.

The Netherlands and Austria fared best, with unemployment levels of 3% and 4.2%, respectively.

Romania and Greece both saw their jobless fall between 2008 and 2009. Meanwhile, the highest increases were in Estonia, Latvia and Lithuania.

Recommended

Individual thinking

I was away speaking at the Money Marketing retirement summit in Monte Carlo the other week when I was asked a seemingly simple question (over the internet) by one of the members of our ever-growing pension community on Twitter.

26

FSA staff paid £20m in bonuses

The FSA paid its staff £19.7m in bonuses last month, a 40 per cent increase on last year’s payouts, according to figures obtained by the Liberal Democrats.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com