Eurozone unemployment at new record high

February 1, 2012 by legitgov

Eurozone unemployment at new record high 31 Jan 2012 Unemployment in the 17-nation eurozone ended 2011 at 10.4 per cent, a new record high for the single currency since its launch at the start of 1999, official figures showed today. Eurostat, the EU's statistics office, said the rate in December was unchanged, as November's was revised upwards from a previous estimate of 10.3%. Unemployment has been steadily rising over the past year - in December 2010, it stood at 9.5% - largely because of Europe's debt crisis.