Eurozone's youth hit as jobless rate climbs to record | Bangkok Post: news

News > World

Eurozone's youth hit as jobless rate climbs to record

- +

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.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments