2 Mar 2012

Eurozone unemployment rate at record high

5:55 am on 2 March 2012

The unemployment rate in the Eurozone reached a record 10.7% in January.

Eurostat, the EU data agency, estimates 16.9 million people were out of work.

But there are enormous differences between individual countries. Spain continues to have the highest unemployment rate at 23.3%, while Austria has the lowest at 4%.

Inflation in the Eurozone also rose in February, from 2.6% in January to 2.7%.