Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Mashujaa day: Kenyatta and Odinga call for peace before election rerun

Read more

THE INTERVIEW

Kurdish referendum a ‘colossal mistake’, says son of late president Talabani

Read more

MEDIAWATCH

The new 30s club: NZ's Jacinda Ardern joins list of maverick leaders

Read more

THE WORLD THIS WEEK

Raqqa, Kirkuk, Xi Jinping

Read more

REPORTERS

The Dictator's Games: A rare look inside Turkmenistan

Read more

#TECH 24

Teaching maths with holograms

Read more

DOWN TO EARTH

Is China exporting its pollution?

Read more

#THE 51%

Are female empowerment adverts actually good for the cause?

Read more

FOCUS

The mixed legacy of 'Abenomics' in Japan

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)