EU: Record unemployment in Eurozone, 10.9%, Spain's top

People under 25 the most affected, half of them in Greece

02 May, 13:49

Unemployed people queue outside an employment office in Madrid, Spain Unemployed people queue outside an employment office in Madrid, Spain

(ANSAmed) - BRUSSELS - Another unemployment record in the Eurozone, totalling 10.9% in March. According to the data published by Eurostat in the 17 member EU 17.36 mln people are unemployed, that is, 169,000 unemployed more than in the previous month. The country most affected by unemployment increase is Greece (unemployment was at 14.2% in January 2011 and at 21.7% in January 2012) followed by Spain, currently the EU's negative unemployment record (unemployment was at 20.8% in March 2011 and at 24.1% in March 2012) and Cyprus (unemployment was at 6.9% in March 2011 and at 10% in March 2012). In the 27-member EU the unemployment rate in March remained unaltered over February, totalling 10.2%; however, unemployment is higher over March 2011, when it was at 9.4%. Europeans under the age of 25 were the most affected, with a 22.6% share of unemployed in the Eurozone and 22.1% in the 27-member EU. Greece and Spain have the absolute negative record; in these countries, half of the population under the age of 25 is unemployed (51.2% in January 2012 and 51.1% in March 2012 respectively). Also Portugal and Italy have among the highest unemployment rate, with 36.1% and 35.9% of unemployed young people respectively.

The gap with EU countries where the unemployment rate is lower such as Germany (7.9%), Austria (8.6%) and Holland (9.3%).



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