Tuesday, January 8, 2013

Eurozone joblessness up again



Published on Jan 8, 2013
http://www.euronews.com/ The eurozone's unemployment rate reached a new record in November as companies from carmakers to retailers laid people off.

Joblessness hit the highest level since the euro came into existence in 1999.

Unemployment rose to 18.82 million people, that's 11.8 percent of the working population.

The jobless rate for young people is up to 24.4 percent. In Greece and Spain well over half those under 25 are out of work.

However, morale among businesses in the eurozone improved again in December,
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