Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

A tiger in Paris

Read more

FOCUS

French women speak out about sexual harassment, but what happens next?

Read more

EYE ON AFRICA

Zimbabwe: Emmerson Mnangagwa pledges to revive failing economy

Read more

FOCUS

Video: FRANCE 24 meets foreigners fighting with Kurds in Syria

Read more

#TECH 24

Energy Observer: The world's first hydrogen-powered boat

Read more

ENCORE!

The best winter exhibitions

Read more

#THE 51%

Shortage of male heirs leads many Japanese families to adopt adult men

Read more

FASHION

Death of an icon: Remembering fashion designer Azzedine Alaïa

Read more

BUSINESS DAILY

Black Friday deals: Are they really worth it?

Read more

Europe

Eurozone jobless rate hits new record of 11.7 percent

Text by News Wires

Latest update : 2012-11-30

Unemployment in the eurozone hit a record high of 11.7 percent in October, official Eurostat figures showed Friday, with more than 170,000 more jobs lost as the continuing debt crisis undermines hopes for an economic recovery.

Unemployment in the eurozone hit a record high in October with more than 170,000 more jobs lost as the debt crisis continued to undermine an economy slumping into recession, official data showed Friday.

The eurozone had a jobless rate of 11.7 percent in October, up from 11.6 percent in September, with the numbers out of work rising to 18.7 million from 18.49 million, the Eurostat data agency said.

The picture was particularly bleak for under 25-year-olds, with year-on-year figures showing almost one in four out of work both in the 17-nation eurozone and 27-nation European Union.

The highest unemployment rate was recorded again in Spain, where 26.2 percent of adults are out of work, with Austria again posting the lowest rate of 4.3 percent and benchmark Germany and the Netherlands at 5.4 and 5.5 percent respectively.

Across the 27-state European Union single market of half a billion consumers, 25.92 million men and women were out of work.

(AFP)

 

Date created : 2012-11-30

  • EUROZONE

    Eurozone unemployment hits record 11.6 percent

    Read more

  • EUROZONE

    Eurozone unemployment hits record 18.2 million

    Read more

  • Eurozone crisis

    Eurozone unemployment reaches all-time high

    Read more

COMMENT(S)