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January 31, 2012

Euro zone jobless hits highest level since birth of euro

“Euro zone unemployment has risen to its highest level since before the euro was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe’s floundering economy.”

“Joblessness among the 17 countries sharing the single currency rose to 10.4 percent in December, on a par with an upwardly revised November figure, the EU’s statistics office Eurostat said in its release of seasonally-adjusted data.”

“It was the highest rate since June 1998, before the euro was introduced in 1999.”

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