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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
Labels:
eu,
unemployment
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