eurozone jobless hits record
Last Updated : GMT 09:42:23
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Eurozone jobless hits record

Arab Today, arab today

Arab Today, arab today Eurozone jobless hits record

London - SPA

Unemployment in the troubled eurozone region hit a record high of 12.2% last month. The latest official data from Eurostat shows nearly 100,000 additional people were out looking for work in April compared with the previous month when unemployment was pegged at 12.1%. The usual suspects -- Spain and Greece -- are facing the highest levels of unemployment. The latest data show unemployment levels of roughly 27% in both countries, with youth unemployment well above 50%. Meanwhile, Austria and Germany have the lowest jobless levels out of the 17 countries that use the euro currency. Austria\'s unemployment was just below 5% in April and Germany\'s unemployment was 5.4%. In total, 19.4 million people in the eurozone were unemployed in April, the CNN-Money report said.

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