EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%

From April 2011 to April 2012, unemployment has risen across the European Union, with Spain's jobless rate nearing one in four, reports Shamik Das.

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At the start of the week, Left Foot Forward reported the story of a new pan-European campaign, “Austerity Isn’t Working”, a coalition of progressive institutions in favor of a pro-European, pro-growth agenda.

Carlos Mulas, Executive Director of Fundacion IDEAS, explained:

It was just over a year ago, in Madrid, when the movement of “indignados” took to the streets and gathered the world’s attention with their calls for a more inclusive democracy and economy.

Their proposals to strengthen democracy from the “bottom up” to counterbalance unregulated market economies was welcomed across the globe. The “indignados” movement took different forms in New York, Tel Aviv and London, inspiring a summer of social activism. Fast forward a year, however, and the calls for inclusion are as great as ever.

Today, there was further proof of the failure of austerity across Europe – and the toll on Spain in particular – with the publication of the latest Eurostat unemployment statistics (pdf).

As Chart 1 shows, in the year from April 2011 to April 2012, unemployment has risen in nearly all European Union states for which data is available, with Spain’s jobless rate nearing one in four.

Chart 1:

Eurostat-Apr-2011-Apr-2012-unemployment-stats

 


See also:

WATCH: Krugman savages the austerians with embarrassing ease 31 May 2012

Now the EC warns Osborne: Deficit “projected to fall more slowly” due to weak growth 30 May 2012

Austerity Isn’t Working • Sparpolitik ist keine Lösung • L’austérité ne marche pas 28 May 2012


 

These are the key stats:

• The Europan Union (EU27) unemployment rate was 10.3% in April 2012, up 0.8 points from 9.5% in April 2011;

• The euro area (EA17) unemployment rate was 11% in April 2012, up 1.1 points from 9.9% in April 2011;

• The EU unemployment figure was 24.667 million in April 2012, up 1.932 million since April 2011;

• The EA unemployment figure was 17.405 million in April 2012, up 1.797 million since April 2011.

• Austria (3.9%), Luxembourg (5.2%), Holland (5.2%) and Germany (5.4%) have the lowest unemployment rates; and

• Spain (24.3%), Greece (21.7% in February 2012), Latvia (15.2% in the first quarter of 2012) and Portugal (15.2%) have the highest jobless rates.

And there was further grim news from the States, with the US unemployment rate up to 8.2% from 8.1%, bad but 2.1 and 2.9 points below the EU and EA rates respectively.

Austerity is failing, and we’re all paying the price.

 


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27 Responses to “EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%”

  1. gerry robertson

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%: //t.co/2Ic4NLIx by @ShamikDas #AusterityISNTworking

  2. Guerilla Policy

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%: //t.co/2Ic4NLIx by @ShamikDas #AusterityISNTworking

  3. Arthur Davis

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%: //t.co/2Ic4NLIx by @ShamikDas #AusterityISNTworking

  4. The Watchers

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%: //t.co/2Ic4NLIx by @ShamikDas #AusterityISNTworking

  5. leftlinks

    Left Foot Forward – EU area unemployment up 1.9 million in a year – as Spain’s jobless rate… //t.co/FB6gNGGu

  6. Shamik Das

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%: //t.co/2Ic4NLIx by @ShamikDas #AusterityISNTworking

  7. Political Planet

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25%: From April 2011 to April 2012… //t.co/YWs3yGvR

  8. BevR

    RT @leftfootfwd: EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25% //t.co/a45p5BaK

  9. Anonymous

    With most of the growth in unemployment in the minority of countries that had socialist governments two years ago.
    Go figure!
    But you won’t because you want to believe that socialism works despite 93 years of evidence to the contrary

  10. Anonymous

    On the other hand you could say it was Thatcher and her market ideology

  11. Anonymous

    Or you could blame King David, or Julius Caesar, or Genghis Khan, each of whom had, just as much as Lady Thatcher, given up power before most of Spain’s unemployed were born. Since Mrs Thatcher never ruled over Spain, it would be more appropriate to blame Julius Caesar for its current unemployment.
    Bah! Humbug!

  12. Anonymous

    Oh yes, those terrible, poor Nordic countries.

    Wait, no, it’s the countries who didn’t properly reign in “neoliberal economics” who have suffered, Spain, Italy and the UK among them. Countries which did – Germany, the Nordics, Australia…have.

    You and your ilk will blame Julius Caesar before you admit your guilt in causing this double dip, and so much damage elsewhere. You won’t give up your shares without taking everyone down with you. Slash and burn civilization!

  13. Foxy52

    RT @leftfootfwd: EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25% //t.co/a45p5BaK

  14. Michael

    EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25% – //t.co/NdeXdq0E

  15. Knut Cayce

    RT @leftfootfwd: EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25% //t.co/YWaUFdYf

  16. Knut Cayce

    For real insight into Economics & Economic History I have John Kenneth Galbraith to thank. The lessons of "The… //t.co/H09eFae1

  17. BevR

    RT @leftfootfwd: EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25% //t.co/a45p5BaK

  18. Mark Smithson

    RT @leftfootfwd: EU area unemployment up 1.9 million in a year – as Spain’s jobless rate nears 25% //t.co/a45p5BaK

  19. Look Left – The evil of Assad, u-turns galore and the failure of austerity | Left Foot Forward

    […] Europe, and figures yesterday showed unemployment in the European Union rose nearly two million in the year to April 2012, up to 24.667m […]

  20. Anonymous

    Thirteen years of New Labour government ended with the UK’s worst recession since the 1929-31 Labour government and you try to blame “neo-liberal economics”?!?
    I personally have done nothing whatsoever to cause the double-dip? In actual fact my behaviour in prudently saving during the credit-fuelled bubble and increasing spending during the recession has alleviated it by a miniscule amount. So when did you stop beating your wife?

  21. Anonymous

    That’s right, I DARE look at the facts. Moreover, we’re going to have another recession that bad, thanks to your Tories.

    You, personally, are directly responsible for your politics causing misery and death. That you try and [palm it off into others, when the bloodstained whip’s in yoiur hand is typical. No personal responsibility, it’s all a game to you.

    The sickness of treating it as a game is just that – all politics is personal. If you cut me, you cut me.

  22. Anonymous

    Your lies have got so ridiculous that I have to dismiss you as a troll. The facts – two illegal wars under New Labour, zero under the Conservatives; the poor got poorer under New Labour, while the rich got richer: under the Conservatives the rich got richer and poor got richer. So Blair and Brown are responsible for misery and death.

  23. Anonymous

    I see, the depression isn’t deep enough and not enough people are out of work for you. The 99% are not suffering enough.

    Typical double-dip denial.

  24. Anonymous

    I doubt they had the financial markets as we do now or that the country turned away from manufacturing towards the banking which of course Thatcher decided and Blair accepted.

    I think you spell your name wrong.

  25. Anonymous

    Thatcher was pro-manufacturing not pro-banking but she made a big mistake in letting the currency float upwards which hurt our manufacturing industry and helped neither. London was by far the biggest banking centre in the world, as measured by the number of banks registered and operating, before Thatcher came to power. When she resigned banking, insurance and financial services combined employed less than 4% of the workforce. The NHS employed more than twice as many people. The steepest fall in manufacturing employment came under New Labour after the introduction of the Minimum Wage.
    It would help if you checked your facts occasionally, but these are irrelevant to Spain’s problems of youth unemployment.

  26. Anonymous

    Ah, I see, that’s why Thatcher devastated the industrial regions and gave unprecedented powers to the Bankers. Blaming the minimum wage for trends which relate to the damage Thatcher did to communities is also pathetic.

    And of course you think facts are irrelevant when it comes to unemployment. There are far too few of them for you, you can see more profit by forcing wages down further…

  27. Anonymous

    Your lies have got boring. The 30% fall in UK manufacturing employment between 1998 and 2010 took place under a Labour government between 8 and 20 years after Thatcher left office and the “unprecedented powers” were given to the Bankers by Gordon Brown when he replaced the BoE by the FSA as supervising authority.
    None of which is relevant to the Spanish unemployment of 25%, except in your fevered imagination.

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