News Column

Jobless in 17-country Eurozone Hits 11.8 Percent

Jan. 10, 2013

Unemployment in the 17-country eurozone reached a record 11.8% in November.

The number of jobless in the full 27-country EU topped 26 million for the first time since the financial crisis began three years ago.

The figures illustrate the task facing EU leaders. While the threat that the single currency union might crumble seems to have receded, joblessness continues to rise.

The biggest rise was in Greece, where the number of unemployed soared to 26% in September, up 7% from November 2011.

The eurozone unemployment rate was up 0.1% on October, and up from 10.6% a year ago. The rate for the EU was unchanged on October at 10.7%.

The highest overall rate in the EU was 26.6% in Spain.

By contrast, Austria posted the lowest unemployment rate in the EU, at 4.5%. The rate in Luxembourg was 5.1%, and the rate in Germany was 5.4%.

Source: (C) 2013 Western Mail. via ProQuest Information and Learning Company; All Rights Reserved

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