Eurozone Unemployment Reaches New Record High


Juergen Baetz
Associated Press
October 31, 2013

The number of unemployed in the 17-nation eurozone reached a record high in September as the bloc’s nascent recovery failed to generate jobs, official data showed Thursday.

The ranks of the jobless swelled by 60,000 to a record 19.45 million, according to Eurostat, the European Union’s statistics agency. Though the unemployment rate remained steady at 12.2 percent, the previous month was revised up from 12 percent.

“The latest figures put a dent in hopes that the labor market may have reached a turning point,” said analyst Ben May of Capital Economics.

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