Eurozone jobless rate holds steady at about one in eight
Friday 01 February 2013
Printable
EmailEU statistics office Eurostat said today that unemployment in the eurozone remained stuck at 11.7 per cent in December - the highest ever recorded.
Greece had the highest jobless rate, leapfrogging Spain.
At the end of October, Greece's unemployment rate was 26.8 per cent against Spain's 26.1 per cent.
Greece measures over a different period to other countries.
It also has the highest level of youth unemployment.
In October a staggering 57.6 per cent of under 25s were out of work, just ahead of Spain's 55.6 per cent December rate.
Austria had the lowest unemployment rate at 4.3 per cent, while Germany's was 5.3 per cent.
Across the 27-country EU unemployment also held steady at 10.7 per cent, compared with 7.8 per cent in the US and 4 per cent in Japan.
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