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Eurozone hit with high unemployment

Posted by admin January - 29 - 2010 - Friday

Unemployment in the 16 countries that use the euro hit 10% in December for the first time since the single currency was introduced in 1999.

It had been reported that the rate hit 10% in November, but this has subsequently been revised down to 9.9%.

Some 15.8 million people are now out of work in the eurozone, according to Eurostat.

Across all 27 countries that make up the EU, there are now 23 million people unemployed.

Youth unemployment

Latvia has the highest jobless rate in the EU at 22.8%.

Spain continues to have the highest rate in the eurozone – rising to 19.5% in December, up from 19.4% in November.

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