15 million out of work in euro zone
Official EU figures show that the unemployment rate in the euro zone climbed to a 10-year high of 9.5% in May. 273,000 jobs were lost across the euro zone in May, the EU's Eurostat data agency estimated. Although activity in the recession-hit European economy is beginning to pick up, many companies are continuing to cut jobs in order to survive the worst post-war downturn.Eurostat estimated that in total 21.5 million people were unemployed across the EU in May, of which 15 million were in the euro area.
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