This month's Labour Market Fact Sheet shows a continuous growth in unemployment over the last 16 months to July 2012, with 2.6 million additional unemployed (up by 11.6 % or 1 percentage point).
The number of unemployed in the EU continues to rise (+0.2 % in July 2012). It reached a new high of 25,254,000 (or an unemployment rate of 10.4 %).
Unemployment has increased more in the Euro area than in the EU in recent months.
Unemployment is maintaining an upward trend in the majority (17) of the Member States. This once again confirms the growing disparities between the Member States.
Youth unemployment is apparently stabilizing in the EU as a whole but at high level (22.5 %), and still on the increase in a significant number of Member States.
The outlook for the coming months is poor. EU managers expect employment in the service and construction sector to decrease and employment expectations in industry have also deteriorated.
Consumer's fears about unemployment have markedly worsened during summer 2012 in most Member States.