Thursday, May 3, 2012

Eurozone unemployment jumps to 15-year high


The eurozone unemployment rate hit a record high level in March, jumping to 10.9 percent for the first time for 15 years, official figures showed on Wednesday.

Almost 17.37 million men and women looked for work in the single currency area in March, or 169,000 more than in February, according to Eurostat data agency. The 10.9 percent rate equaled an April 1997 record.
The unemployment rate had reached 10.8 percent in February, with the eurozone widely expected to have dipped back into recession as it battles a festering debt crisis.

Read details: France24

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