Current Event Cat of the Day

Current Event Cat - Euro Zone

Current Event Cat of the Day:

The rate of unemployment in the Euro Zone hit a record high of 12% in January and February, official Eurostat figures have shown. The dismal unemployment numbers provide confirmation that the economy remains in a deep freeze.

The number of people unemployed in the 17 member states rose by 33,000 during the month of February, to hit 19.07 million, the statistics agency Eurostat said.

Who’s doing the worst? The highest rate was 26.4% in Greece, followed closely behind by Spain at 26.3%.

And who’s picking up the slack? The lowest rates recorded were in Austria at 4.8% and Germany at 5.4%.

Via: Current Event Cats

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