EU Unemployment Soars

Countries in the Eurozone

Seasonally-adjusted unemployment rates in European countries using the euro currency have soared to 10.7-percent in January, with recession-battered Spain and Greece being hardest hit.

The number translates into 24.3 million people out of work in the European Union, with 16.9 million unemployed in the eurozone.

Spain is at the top of the list with 23.3-perecent unemployment, and Spain is second with 19.9-percent, according to Eurostat, the statistical office of the European Union.

The lowest unemployment rates are in Austria (4-percent), the Netherlands (5-percent), and Luxembourg (5.1-percent). Ireland and Portugal are both tied for fourth with 14.8-percent.

A full report in pdf format can be downloaded here.

 

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