Almost one in four young Europeans was out of work in October as unemployment in the eurozone hit a new record high, with more than 170,000 jobs lost as the economy slumped into recession, official data showed Friday.
A tent decorated with a European flag during a demonstration against austerity measures and unemployment in September. Unemployment in the eurozone hit a record high in October with more than 170,000 more jobs lost as the debt crisis continued to undermine an economy slumping into recession, official data showed on Friday.
With the debt crisis further undermining sagging economies, the Eurostat data agency showed the jobless rate in the 17-nation eurozone climbing to a fresh high of 11.7 percent in October -- or more than 18 million people out of work.
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