The release of fresh unemployment data for Europe has shown a massive disparity in the prospects of certain areas across the continent.
Regional unemployment data indicated that only 2.5 people in Salzburg and Tirol are out of work, but this rises as high as 38.5 per cent in Ceuta and 34.6 per cent in Andalucia.
Among the regions, it was revealed that 53 had an unemployment rate of less than 5.2 per cent in 2012, which is half the average for the EU27.
German unemployment was shown to be steady and 22 of its regions had less than 5.2 per cent unemployment, while Austria and the Netherlands have also performed strongly in this area.
"Unemployment rates for young people varied from 4.2 per cent in Oberbayern to 72.5 per cent in Dytiki Makedonia," it was noted by the European Commission in its report.
The data comes a short time after it was revealed that the employment rate in the UK dropped during the first quarter of the year.
Find up to date information on the FTSE 100 and spread betting strategies at City Index
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.