Eurozone Unemployment Reaches Record High

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Unemployment in the eurozone (the countries using the common currency) ticked up in October to a new record, according to seasonally adjusted data compiled by statistics agency Eurostat, advancing to 11.7% from September's 11.6%. In the European Union's 27 member states, the indicator rose to a seasonally adjusted rate of 10.7% from 10.6% the previous month.

Both October rates are substantially higher than they were in the same month of 2011. For the EU it was 9.9% then, while the eurozone recorded 10.4%.

Over that one-year span, 16 EU countries saw an increase in unemployment, nine experienced a decrease, and two remained stable.

Countries with the lowest jobless rates this past October were Austria, with 4.3%, Luxembourg, at 5.1%, and Denmark, at 5.4%. The highest rates were recorded by Spain (26.2%), Greece (25.4%), and Portugal (16.3%).

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On December 03, 2012, at 10:19 AM, StopPrintinMoney wrote:

    I have news for you. If US measured its 2000's unemployment the way it was measured during 1930's, the unemployment rate would be 23-25%. Google for details if you are interested....

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2135302, ~/Articles/ArticleHandler.aspx, 9/29/2016 11:47:28 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,301.27 -37.97 -0.21%
S&P 500 2,168.02 -3.35 -0.15%
NASD 5,294.44 -24.11 -0.45%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes