A new level of record unemployment was reached in the eurozone in July at 11.3%, the highest since the creation of the 17-member single European currency, while the percentage registered in the 27-member EU is 10.4%. The highest rate was registered among youths under 25 where unemployment touched 22.6 percent in eurozone countries and 22.5 in the 27-member Union.
The data was provided by European statistics bureau Eurostat according to which in July 2012 there were overall 88,000 more unemployed compared to the previous month, for a total increase of 2.051 million compared to July 2011.
The top unemployment rate among the under-25 is in Greece (53.8% in May), followed by Spain (52.9%). The unemployment rate for youths decreased in Portugal, from the 37.6%in June to 36.4% in July, while it grew in Italy (from 33.9% to 35.3% in July) and France (from 23.1% to 23.4%).
Read more: EU: Record 11.3% unemployment in eurozone, 22.6% under 25 ANSAMed.it
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