EU Unemployment Rate Inches up to 10.2% in February

EU Unemployment Rate Inches up to 10.2% in February

The average unemployment rate across the European Union inched up to 10.2% in February from 10.1% in the previous month, Eurostat data showed.

It stood at 9.5% in February 2011, the EU statistics office, Eurostat, said in a press release on Monday.

The second month of 2012 saw more than 24.5 million people in the EU out of work, an increase of 167,000 from January and more than 1.87 million higher than in the same month last year.

In Bulgaria, the jobless rate rose by 2 percentage points on the month to 12.4% in February, while in the same month last year it was 11.1%.

The unemployment rate in Cyprus in February increased to 9.7%, compared to 9.5% in January and 6.7% in February 2011.

Data for Greece was available only for December, when the jobless rate in the country stood at 21%, 0.4 percentage points higher on the month.

Among EU member states, the lowest unemployment, 4.2%, was registered in Austria, and the highest, 23.6%, in Spain.

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