Eurozone Jobless Rate Hits Grim Record
...of 12.2% , with nearly 20M unemployed
By Newser Editors and Wire Services
Posted May 31, 2013 2:00 AM CDT
A demonstrator shouts slogans during the general strike in Pamplona, northern Spain, on Thursday, May 30, 2013.   (AP Photo/Alvaro Barrientos)

(Newser) – Unemployment across the 17 European Union countries that use the euro has hit another record high, the latest in a series of ignominious landmarks for the ailing single currency zone. Eurostat, the EU's statistics office, said today that unemployment rose to 12.2% in April from the previous record of 12.1% the month before. Another 95,000 people joined the ranks of the unemployed, taking the total to 19.38 million.

The figures mask big disparities among countries. While over one in four people are unemployed in Greece and Spain, Germany's rate is down at 5.4%. Eurostat also says inflation in the eurozone rose to 1.4% in the year to May from 1.2% the previous month. Still, inflation is below the European Central Bank's target.

Copyright 2016 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Eurozone Jobless Rate at Record 12.2% is...
15%
3%
52%
12%
15%
3%
Show results without voting
You Might Like
Comments
Showing 3 of 48 comments
HonkUSA
Jun 1, 2013 10:45 AM CDT
12.2% , unemployment ! . That sounds about the same for Oregon .What the 'F' are we going to do , print our own money and everybody gets rich overnight . The 47% would disappear and Romney wouldn't have a thing to talk about !.
BenDunn
Jun 1, 2013 9:17 AM CDT
Ok, Good, Europe hates businesses and businesses obviously hate Europe Ok, Good!
cornelison
May 31, 2013 11:29 PM CDT
Do you hear that, Republicans? You know that austerity doesn't work for the 98%. The idiots who vote for you are the ones who should be unemployed and losing their homes.