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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%. |