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Eurozone unemployment rate hits fresh high of 10.8pc

From telegraph.co.uk

The eurozone unemployment rate crept up to 10.8pc in February, from 10.7pc in January, according to European Union statistics office Eurostat. This means more than 17m people are now out of work in the single currency area. The statistics also illustrated the growing divide between the eurozone's northern and southern states. Unemployment in Greece jumped more than one percentage point to 21pc in December, with youth unemployment creeping above 50pc, to 50.4pc. Spain's unemployment rate also rose to 23.6pc, from 23.3pc in January, while jobless rates in Germany, the Netherlands and Finland continued to fall. More ... (full story)

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