Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Federal Reserve hikes interest rates, raises forecast

Read more

EYE ON AFRICA

Saudi Arabia and UAE pledge €130M for G5 Sahel Joint Force

Read more

THE INTERVIEW

‘Trump still committed to a two-state solution,’ says Saudi Foreign Minister Jubeir

Read more

THE DEBATE

How to patrol the Sahara? The challenges facing G5 Sahel joint force

Read more

ENCORE!

Film show: 'Star Wars, The Last Jedi'

Read more

THE INTERVIEW

Evo Morales: US exit from Paris accord is 'unforgivable'

Read more

FOCUS

Niger's Agadez: Pearl of the Sahara turned migrant hub

Read more

FOCUS

Spain's Tagus river is drying up

Read more

MIDDLE EAST MATTERS

'Looking for Oum Kulthum': Breaking the glass ceiling in the art world

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)