Record Unemployment in the Eurozone
Via the BBC: Eurozone unemployment hits new record
The jobless rate in the 17 countries that use the single currency was 10.4% in December, unchanged from November’s figure which was revised up from 10.3%.
Some 16.5 million people were out of work in the eurozone in December, up 751,000 on the year before.
The highest unemployment rate remains in Spain (22.9%), while the lowest is in Austria (4.1%).
Unemployment has been rising throughout 2011, as the debt crisis in the region has continued. In December 2010, the unemployment rate in the euro area was 10%.
Unfortunately, the trend is currently in the wrong direction.
Overall EU unemployment (27 countries) is 9.9% in December.