Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Colombia peace deal will be ‘lasting’, FARC rebel leader tells FRANCE 24

Read more

EYE ON AFRICA

Ghanaian President Mahama concedes defeat to opposition leader Afuko-Addo

Read more

MEDIAWATCH

Trump's TV Career Continues

Read more

THE WORLD THIS WEEK

President Park Impeached, Ghana's High Stakes Election (part 1)

Read more

THE WORLD THIS WEEK

Aleppo Offensive, Renzi Resigns, Trump's Cards (part 2)

Read more

ENCORE!

South Korea: An inside look at the K-pop wave

Read more

#THE 51%

Diving back in: Offering support for French mothers returning to work

Read more

REPORTERS

Chaotic post-hurricane relief efforts in Haiti

Read more

PEOPLE & PROFIT

Cash crunch casualties: India's wedding industry suffers from currency changes

Read more

Europe

Eurozone unemployment hit record high in May

Text by NEWS WIRES

Latest update : 2013-07-01

Unemployment in the 17-nation eurozone rose 0.1% to hit a record high of 12.1% in May after April figures were revised downward, official Eurostat figures showed on Monday.

Official figures show unemployment across the 17 European Union countries that use the euro at another record high in May after revisions to back data.

Eurostat, the EU’s statistics office, says Monday that eurozone unemployment rose 0.1 percentage point in May to 12.1 percent. That’s a new record for the region as the previous months’ data were revised down, including April’s original 12.2 percent estimate.

Across the eurozone there were 19.22 million people unemployed, 67,000 up on the previous month. Figures next month will show whether the eurozone’s economy remained in recession during the second quarter of the year.

Elsewhere, Eurostat said inflation picked up to 1.6 percent in the year to June, up from 1.4 percent the previous month. The rate remains below the European Central Bank’s target.

(AP)

 

Date created : 2013-07-01

  • ECONOMY

    Eurozone jobless rate expected to hit 20 million

    Read more

  • EUROZONE

    Eurozone unemployment reaches record 12.1 percent

    Read more

  • FRANCE

    Record 3.22 million jobseekers in France

    Read more

COMMENT(S)