Eurozone jobless tally at new high
Tuesday 08 January 2013
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EmailEU mandarins warned of a two-tier Europe today as eurozone joblessness reached another record high.
Official data showed unemployment rose to 11.8 per cent in November, up from 11.7 per cent in October and 1.2 per cent worse than the same time a year earlier.
EU employment commissioner Laszlo Andor conceded that last year "has been another very bad year for Europe in terms of unemployment and the deteriorating social situation.
"Moreover, it is unlikely that Europe will see much socio-economic improvement in 2013," he added.
Unemployment was highest in austerity-hit states such as Greece, which reached 26 per cent unemployment in September, and Spain, where 26.6 per cent were out of work in November.
In contrast Austria reported 4.5 per cent unemployment and Germany 5.4 per cent.
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