Eurozone unemployment hits new high

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Mon, 2012-11-12 18:12 — Maeryn Obley

Pedestrians walk past graffitti in Athens – a growing number of Greek workers remain nominally employed but have not been paid for some time. Photograph: EPA

Image: Pedestrians walk past graffitti in Athens – a growing number of Greek workers remain nominally employed but have not been paid for some time. Photograph: EPA

guardian.co.uk - October 31st, 2012 - Julia Kollewe and Phillip Inman

Unemployment in the eurozone has risen to a new record, with more than one in four out of work in Spain and Greece.

There are now 18.49 million people without jobs in the 17 countries sharing the euro, said the European statistics office Eurostat on Wednesday with an extra 146,000 joining the ranks of the unemployed last month.

Youth unemployment – joblessness among under-25s – rose to 23.3%, up from 21% during the same month a year ago.

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