Eurozone unemployment hits highest level since records began: 19,071 million out of work


Eurozone unemployment levels have hit 12 percent – the highest in the history of eurozone record-keeping, since the currency was launched in 1999.

The average unemployment rate across the eurozone’s 17 constituent European Union countries rose from January’s 11.9 percent high to 12 per cent in February, meaning a further net 33,000 people were left out of work. Overall, 19.071 million are jobless across Europe.

Some countries, including Spain and Greece suffered unemployment rates as high as 26 percent over the month of February.