Tags: EU | EU | Economy

Euro Zone Unemployment Hits 10 Percent

Friday, 08 Jan 2010 06:09 AM

Official figures show unemployment in the 16 countries that use the euro rose to 10 percent in November for the first time since the single currency was introduced at the start of 1999.

Eurostat, the EU's statistics office, on Friday said the unemployment rate rose 0.1 percentage points from October to its highest level since August 1998.

Of the euro members, Spain has the highest unemployment rate at a massive 19.4 percent, while the Netherlands has the lowest at 3.9 percent.

Unemployment in the 27-country EU, which includes non-euro members such as Britain and Sweden, has also risen 0.1 percent in November to 9.5 percent.

Elsewhere, Eurostat confirms that the eurozone economy grew by 0.4 percent in the third quarter.

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Official figures show unemployment in the 16 countries that use the euro rose to 10 percent in November for the first time since the single currency was introduced at the start of 1999.Eurostat, the EU's statistics office, on Friday said the unemployment rate rose 0.1...
EU,EU,Economy
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2010-09-08
Friday, 08 Jan 2010 06:09 AM
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