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Eurozone unemployment reaches new record high in April Eurozone unemployment reaches new record high in April
(35 minutes later)
Unemployment in the eurozone has reached another record high, according to official figures.Unemployment in the eurozone has reached another record high, according to official figures.
The seasonal-adjusted rate for April was 12.2%, up from 12.1% the month before.The seasonal-adjusted rate for April was 12.2%, up from 12.1% the month before.
An extra 95,000 people were out of work in the 17 countries that use the euro, bringing the total to 19.38 million.An extra 95,000 people were out of work in the 17 countries that use the euro, bringing the total to 19.38 million.
One in four people in Greece and Spain are now unemployed. The lowest unemployment rate is in Austria at 4.9%.One in four people in Greece and Spain are now unemployed. The lowest unemployment rate is in Austria at 4.9%.
The European Commission's statistics office, Eurostat, said Germany had an unemployment rate of 5.4% while Luxembourg's was 5.6%.The European Commission's statistics office, Eurostat, said Germany had an unemployment rate of 5.4% while Luxembourg's was 5.6%.
The highest rates are in Greece (27.0% in February 2013), Spain (26.8%) and Portugal (17.8%).The highest rates are in Greece (27.0% in February 2013), Spain (26.8%) and Portugal (17.8%).
'Social crisis'
Youth unemployment remains a particular concern. In April, 3.6 million people under the age of 25 were out of work in the eurozone, which translated to an unemployment rate of 24.4%.Youth unemployment remains a particular concern. In April, 3.6 million people under the age of 25 were out of work in the eurozone, which translated to an unemployment rate of 24.4%.
Figures from the Italian government showed 40.5% of young people in Italy are unemployed.
"We have to deal with the social crisis, which is expressed particularly in spreading youth unemployment, and place it at the centre of political action," said Italy's President Giorgio Napolitano.
In the 12 months to April, 1.6 million people lost their jobs in the eurozone.
While the jobless figure in the eurozone climbed for the 24th consecutive month, the unemployment rate for the full 27-member European Union remained at 11%.