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Latest statistics on unemployment in the EU show no end to the increase that has been building since the financial crisis spread to the real economy. The overall figure is up by over 1% in the euro zone compared to a year ago and by 0.7% in the Community as a whole. Spain and Greece are the worst off with more than a quarter of workers without jobs and these two plus Portugal and Cyprus have recorded the highest increases. Germany and Austria are weathering the storm best at around 5%. Youth unemployment remains staggeringly high at 23.5%.
|London tops rich list; Bulgaria, Romania last|
Eurostat have published regional wealth statistics across the EU for 2010. Allowing for population and local prices, 8 of the top 10 richest areas are from Western Europe while all of the bottom 10 are from the East. London is the most prosperous although it should be stressed that commuting skews the figures as incoming workers who create wealth in the city are not counted as residents when the per capita calculation is done. The same effect applies to Luxembourg which comes second on the list. However no such proviso applies to the poorest regions among which Severozapaden in Bulgaria, for instance, is at only 26% of average EU wealth levels. Of the total of 270 regions 68 record figures below 75% of the average and these include West Wales and Cornwall from the U.K. as well as areas from Spain, Italy and Portugal.
Regional GDP per capita in the EU in 2010 (in PPS, EU ave, = 100)
The twenty highest The twenty lowest
A Purchasing Power Standard (PPS) is based on the price
of the same