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Eurozone unemployment rate hits new record
08-01-2013 10:31
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Eurozone unemployment hit a new record high of 11.8% in November, according to official figures.
This was a slight rise on 11.7% rate the 17-nation bloc registered in October.
More than 26m people are now unemployed across the EU, with that number totalling 18.8m in the eurozone.
The youth unemployment rate was 23.7% in the wider European Union and 24.4% in the eurozone.
Spain recorded the highest unemployment rate, coming in at 26.6%, with Greece registering the second-highest rate at 20%, Eurostat, the official European statistics agency said.
Spain's youth unemployment rate hit 56.5% in November.
The lowest unemployment rates were recorded in Austria (4.5%), Luxembourg (5.1%), Germany (5.4%) and the Netherlands (5.6%).
Compared with a year ago, the unemployment rate increased in eighteen member states, fell in seven and remained stable in two: Denmark and Hungary.
This was a slight rise on 11.7% rate the 17-nation bloc registered in October.
More than 26m people are now unemployed across the EU, with that number totalling 18.8m in the eurozone.
The youth unemployment rate was 23.7% in the wider European Union and 24.4% in the eurozone.
Spain recorded the highest unemployment rate, coming in at 26.6%, with Greece registering the second-highest rate at 20%, Eurostat, the official European statistics agency said.
Spain's youth unemployment rate hit 56.5% in November.
The lowest unemployment rates were recorded in Austria (4.5%), Luxembourg (5.1%), Germany (5.4%) and the Netherlands (5.6%).
Compared with a year ago, the unemployment rate increased in eighteen member states, fell in seven and remained stable in two: Denmark and Hungary.
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