Record unemployment in EU

euflagUnemployment across Europe has hit a record high according to official new figures released today.

The Eurostat data show that a total of 18.8 million are out of work in the seventeen Euro zone countries, 11.8% of the full potential workforce.

Spain has the highest rate at 26.6% followed by Greece at 26%. The lowest recorded rates in the Euro zone are from Austria at 4.5%, Luxembourg on 5.1% and Germany with 5.4%.

For the wider European Union collection of 27 countries, which includes the United Kingdom, the unemployment rate has remained stable at 10.7% of the workforce or a total of 26.1 million people.

In this ranking the UK has the ninth lowest rate of unemployment at 7.8%, a figure which matches the expectations laid out by the Office for Budgetary Responsibility in mid-2010.

This post was written by:

- who has written 65 posts on CAT Magazine.

Leave a Reply

  • ECP's Andy Hamilton and the modern age
  • Money: Is P.E the enemy? 
  • CAT Awards:  Learn the stories behind the winners 

more info

    • Should hand car washes face further regulation?

      View Results

      Loading ... Loading ...
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe