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Eurozone unemployment fell to 7.2% in March

Eurozone seasonally-adjusted unemployment stood at 7.2% in March 2007, compared with 7.3% in February.

It was 8.2% in March 2006. The EU 27 members unemployment rate was 7.3% in March 2007, the same as February, It was 8.2% in March 2006. In March 2007, the lowest rates were registered in Denmark and the Netherlands (both 3.4%) and Ireland (3.9%). Unemployment rates were highest in Poland (11.4%) and Slovakia (10.8%). These figures come from Eurostat, the Statistical Office of the European Union.

Twenty three Member States recorded a fall in their unemployment rate over a year and four reported an increase. The largest relative falls were observed in Slovenia (6.4% to 4.6%), Poland (15.0% to 11.4%) and Slovakia (14.2% to 10.8%). The highest relative increases were registered in Romania (6.9% to 7.8%) and Hungary (7.3% to 8.1%). The unemployment rate for males fell from 7.0% to 6.0% between March 2006 and March 2007 in the Eurozone and from 7.4% to 6.4% in the EU-27. The female unemployment rate declined from 9.6% to 8.7% in the Eurozone and from 9.1% to 8.3% in the EU-27.

In March 2007, the unemployment rate for under-25s was 16.1% in the Eurozone and 16.6% in the EU-27. In March 2006 it was 17.3% and 18.0% respectively. The lowest rates for under-25 were observed in the Netherlands (6.5%), Denmark (6.6%) and Ireland (7.0%); the highest in Greece (25.5% in the Q4 2006), Poland (24.4%), and Romania (23.4%). Eurostat estimates that 17.0 million men and women in the EU-27, of which 10.8 million were in the Eurozone, were unemployed in March 2007. In March 2006, 19.0 million men and women in the EU-27, of which 12.1 million were in the Eurozone, were unemployed. (finfacts.com)