Tag Archives: Marie Diron

Eurozone Unemployment Reaches a New Record

https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcSlVixa04ZjyH2WNsVv-ss__P1GKFtyosyBRoSmE5qN2LxCeZirogThe Eurozone unemployment in increase to its highest level 11.7% in October as per figures published by Eurostat. While the Eurozone’s unemployment rate has been increasing since June 2011, the unemployment in the U.S. has fallen to below 8%.

About 18.7 million people were unemployed across the Eurozone, up 173,000 from the previous month. Spain and Greece are most affected with over 25%, with 60% of jobless youth; such numbers can have a negative impact in the long run. Non-euro countries, like Britain and Poland, reported unemployment rate of 10.7% in October and a 25.9 million jobless workers. Continue reading