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Eurozone unemployment hits 15-year high

Michael Millar
Sharecast [1]
April 2, 2012

Unemployment across the countries that use the euro [2] hit a 15-year high of 10.8 per cent in February.

Figures from the European Commission’s official statistics agency, eurostat, showed unemployment was up from 10.7% in January and compared to 10.0% in February 2011.

The figures laid bare the vast economic differences between 17 countries using the euro.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.2%), the Netherlands (4.9%), Luxembourg (5.2%) and Germany (5.7%).

Full article here [1]