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Eurozone jobless rate at record high of 11.7% amid debt crisis

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Workers marching in downtown Naples, in southeast Italy, during a protest to demand new job opportunities. Official data show that the unemployment rate in the eurozone hit a new record high of 11.7 percent in October as the 17-nation bloc continues to grapple with a worsening financial crisis. The Eurostat data agency said on Friday that a total of 18.7 million people were out of work in October,... 

EU jobless rate to peak at about 12% in 2013

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Reuters polls show that the global economy is expected to improve only slightly in 2013. New projections on unemployment in eurozone show that the jobless rate among member countries will hit a new peak at about 12 percent next year. The European Union’s autumn forecast on Wednesday said that unemployment would hit a new peak at 11.8 percent among the 17-nation EU in 2013 and go down slightly to... 

Spain jobless rate exceeds 25 percent in 3rd quarter

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People wait in line at a government employment office in the center of Madrid on September 4, 2012. Official data show that Spanish unemployment rate has exceeded 25 percent in the third quarter of 2012 as the country continues to grapple with economic woes. New figures released by Spain’s National Statistics Institute on Friday showed that the country’s unemployment rate climbed to 25.02 percent... 

Eurozone unemployment rate hits record high of 10.7%

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Official figures by the Eurostat data agency show the eurozone unemployment rate has hit an all-time high of 10.7 percent in January 2012. According to the latest figures released on Thursday, more than 16.9 million men and women were unemployed in the euro area in January. The latest number of unemployed people in the eurozone in January increased by 1.4 million compared with the same month in 2011. Meanwhile,... 

EU Jobless Rate Hits Historic High

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Unemployment in the European Union states has reached a record-high level of 9.8 percent, a new report says. A quarterly report released by the European Commission shows that unemployment has reached a historically high level across Europe. The report, issued on Tuesday, says 9.8 percent of all formerly-employed Europeans are currently jobless, with unemployment having steadily escalated since last... 

Eurozone jobless rate hits record high

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Markets are in turmoil as there are fears of a major downward spiral for euro. Amid a festering financial crisis in Europe, the unemployment rate across countries using the euro currency has jumped to a historic %10.1 in April. According to statistics released by the European Union, almost 16 million people living in the Eurozone countries are currently out of jobs. The figures are showing a significant... 

EU ‘Job Centre’ Opened in Africa, while unemployment in Europe rises

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The second EU job centre in Africa has been opened in the West African state of Cape Verde. The ‘job centres’ are part of an EU plan to facilitate the swamping of Europe by more than 50 million Africans by the year 2050. Despite rising unemployment in most European nations, the criminals running the EU have decided that the continent needs at least another 50 million Africans for “work.” The... 
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