Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Hissène Habré is sentenced to life in prison

Read more

MEDIAWATCH

"The best way to afford a suit is to get a job"

Read more

FOCUS

Victims speak out about alleged abuse by French priests

Read more

THE DEBATE

Falluja: Make or break, Iraq offensive led by Shiite militias (part 1)

Read more

THE DEBATE

Falluja: Make or break, Iraq offensive part of campaign on three fronts (part 2)

Read more

ENCORE!

Music Show: Emily Loizeau, Paul Simon, James Blake

Read more

#TECH 24

The rise of antibiotic resistant superbugs

Read more

THE INTERVIEW

James Galbraith on Greece's debt crisis: ‘A default is inevitable’

Read more

TALKING EUROPE

The European Union: United in right-wing nationalism?

Read more

Business

Eurozone unemployment jumps to a record 10 percent

Text by News Wires

Latest update : 2010-03-31

In February, the eurozone saw its unemployment rate hit a record 10 percent, mainly due to Europe's painful recovery from recession. February's figures showed an increase of 61,000 people on the jobless lists throughout the eurozone.

AFP - Unemployment in the 16-nation eurozone hit a record 10 percent in February, official figures showed Wednesday, underlining that Europe's painful recovery from recession is failing to create jobs.

February's figures showed an increase of 61,000 people on the jobless lists throughout the eurozone, tipping the unemployment rate into double figures, from 9.9 percent in January, for the first time since the currency came into being in 1999.

For the 27-nation European Union as a whole, the jobless rate in February stood at 9.6 percent in March, slightly up from 9.5 percent the previous month, the EU's official Eurostat statistics agency reported.

There were massive national differences, with 19 percent unemployment in Spain and 21.7 percent in Latvia.

The jobless queues were far shorter in the Netherlands, where the rate was 4.0 percent and Austria where it stood at 5.0 percent.

The jobless economic recovery is starkly outlined by the eurozone unemployment increase from 8.5 percent to 10 percent over the past year.

In the United States, the unemployment rate was lower at 9.7 percent in February while the Japanese rate was a mere 4.9 percent in January.

Date created : 2010-03-31

  • RETAIL

    France's Carrefour to cut 1,672 jobs and close stores in Belgium

    Read more

  • INDUSTRY

    GSK to cut 4,000 jobs in Europe and US

    Read more

  • AUTO INDUSTRY

    Renault to close Clio productions sites in Spain and Slovenia

    Read more

COMMENT(S)