Euro zone unemployment hits record 11.2%

The jobless rate in the euro zone reached the highest on record as the festering debt crisis and deepening economic slump prompted companies to cut jobs.

31st July, 2012
Unemployment in the euro zone is at its highest since 1995.

The jobless rate in the euro zone reached the highest on record as the festering debt crisis and deepening economic slump prompted companies to cut jobs.

Unemployment in the economy of the 17 nations using the euro held at 11.2 per cent in June, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995. It had previously reported May unemployment at 11.1 per cent.

The euro-area...

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