Tuesday, September 23, 2014   

4,000 more join 19.2m euro zone jobless ranks
(01-08 18:22)

Unemployment in the euro zone continued near record highs at 12.1 percent in November, unchanged from October, official data show.
There were about 19.24 million jobless in the euro zone in November, up 4,000 from October but soaring by 452,000 compared with November 2012 as the debt crisis peaked, the Eurostat statistics agency said.
Euro zone unemployment hit a record 12.2 percent in September but this figure was subsequently revised down to 12.1 percent.
In the 28-member European Union, the unemployment rate was also flat, at 10.9 percent, but the jobless numbers increased by 19,000 to 26.55 million in November and were up 278,000 compared with a year earlier.
The lowest unemployment rates were found in Austria with 4.8 percent and Germany, 5.2 percent.
Twice-bailed out Greece was the highest at 27.4 percent, based on the latest figures available from September, while Spain was close behind on 26.7 percent.
Unemployment for those aged 16-25 also remain high.
The euro zone 16-25 age group unemployment rate was unchanged at 24.2 percent in November but in the EU it rose to 23.6 percent from 23.5 percent in October.
Worst affected in this category were Spain on 57.7 percent in November followed by Greece on 54.8 percent, again for September.
Germany was the lowest on 7.5 percent followed by Austria with 8.6 percent.--AFP




   
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