The unemployment rate across the eurozone hit a new all-time high of 11.8% in November, official figures have shown.
This is a slight rise on 11.7% for the 17-nation region in October. The rate for the European Union as a whole in November was unchanged at 10.7%.
Spain, which is mired in deep recession, again recorded the highest unemployment rate, coming in at 26.6%.
More than 26 million people are now unemployed across the EU.
For the eurozone, the number of people without work reached 18.8 million said Eurostat, the official European statistics agency said.
Barroso confidenceGreece had the second-highest unemployment rate in November, at 20%.
The youth unemployment rate was 24.4% in the eurozone, and 23.7% in the wider European Union. Youth unemployment - among people under 25 - was highest in Greece (57.6%), followed by Spain (56.5%).
Overall unemployment was lowest in Austria (4.5%), Luxembourg (5.1%) and Germany (5.4%).
Despite Spain having the highest overall unemployment, recent figures from Spain's Labour Ministry suggest that the number of people registered as out of work in the country - a narrower measure than the Eurostat figures - fell in December.
End QuoteThe general trend however remains upwards and it makes it even harder for the governments concerned to collect the taxes they need to stabilise their debts"
The ministry said earlier this month that the number of people registered as unemployed fell in December by 41,023 or 0.8%.
The eurozone and wider European Union economies have struggled in recent years as government measures to reduce sovereign debt levels have impacted on economic growth.
However, European Commission President Jose Manuel Barroso said on Monday that he believed the worst was over.
Mr Barroso said the turning point was last September's promise from the European Central Bank to buy unlimited amounts of eurozone states' debts.
'Very shocking'BBC Economics Correspondent Andrew Walker said: "The biggest rises, in percentage terms, were in countries at the centre of the eurozone financial crisis - Greece, Spain, Cyprus and Portugal. One striking exception to that pattern was the Republic of Ireland where unemployment fell.
"The general trend however remains upwards and it makes it even harder for the governments concerned to collect the taxes they need to stabilise their debts."
Rabobank economist Jan Foley said the rise in unemployment was "the other side of austerity or structural reform."
"Over the next few years the legacy of those reforms will be unemployment," she told the BBC's News Channel.
"There is a very worrying picture painted by these numbers, and governments do need to wonder if they need more pro-growth strategies in the next few years."
The record low for the eurozone unemployment rate was 7.2%, which was recorded in February 2008, before the financial crisis that first gripped the banking sector spread to the real economy.
The historic low for the eurozone youth unemployment rate was 15% in March 2008.
Anda sedang membaca artikel tentang
Eurozone unemployment at new high
Dengan url
http://worldartikelku.blogspot.com/2013/01/eurozone-unemployment-at-new-high.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Eurozone unemployment at new high
namun jangan lupa untuk meletakkan link
Eurozone unemployment at new high
sebagai sumbernya
0 komentar:
Posting Komentar