Monday, April 2, 2012

Eurozone unemployment up ten months in a row

Unemployment across the 17-nation eurozone hit a record high of 10.8 per cent in February, up from 10.7 per cent the previous month, according to official figures. The data released on Monday represent the highest level since the introduction of the single currency in 1999. Official eurozone unemployment figures Spain 23.6 per cent Greece 21.0 per cent France 10.0 per cent Italy 9.3 per cent Germany 5.7 per cent The Eurostat data agency estimated that more than 17.1 million men and women were out of work in February after the ranks of the unemployed rose by 1.48 million compared with February 2011. The eurozone's unemployment rate has risen for 10 consecutive months, as nations across the region enforce austerity measures to fend off the two-year-old debt crisis. Full story: http://www.aljazeera.com/news/europe/2012/04/201242132328791769.html

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