Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Court ruling expected on Gabon's contested election results

Read more

MEDIAWATCH

Clinton's Comedy Turn

Read more

THE WORLD THIS WEEK

Sarkozy's Populist Pivot, Bahamas Leaks, Syria Truce, Rome Olympic Bid (Part 2)

Read more

THE WORLD THIS WEEK

US Police Shootings: Race relations and the race to the White House (Part 1)

Read more

#TECH 24

Breaking the wall between technology and people

Read more

FRANCE IN FOCUS

Rural France: Challenges and opportunities

Read more

REPORTERS

Video: In Burma, ex-political prisoners struggle to return to normal life

Read more

ENCORE!

Xavier Dolan: Wunderkind of Québecquois cinema

Read more

FOCUS

The battle for UK Labour’s leadership

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)