Eurozone employment stable; OECD area youth unemployment rate will be 18% in 2011
Dec 16th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The number of persons employed in both the Eurozone (EA16) and the EU27 was stable in the third quarter of 2010 compared with the previous quarter, according to national accounts estimates published Wednesday by Eurostat, the statistics office of the European Union. In the second quarter of 2010, employment grew by 0.1% in both zones. These figures are seasonally adjusted. Meanwhile, the Organisation for Economic Co-operation and Development (OECD) said also on Wednesday that youth unemployment rates in the OECD area are expected to remain at around 18% in 2011 and 17% in 2012.