1 May 2013

Eurozone jobless now number 19.2m

5:26 am on 1 May 2013

The number of people out of work in the Eurozone group of countries is at a fresh record.

Unemployment in the 17 countries reached 12.1% in March, up from 12% in February, according to official figures from Eurostat.

In total, 19.2 million people are now out of work in the region.

The BBC reports Greece and Spain recorded the highest unemployment rates in the eurozone, at 27.2% and 26.7% respectively, while Austria, at 4.7%, and Germany, at 5.4%, had the lowest rates.

Youth employment, defined as those under 25, hit 3.6 million. In Greece, 59.1% of under-25s were unemployed as of the end of January, while in Spain, 55.9% were unemployed.

Separate Eurostat data showed that inflation slowed to 1.2% in April, a marked slowdown from March's 1.7% rise.

The slowdown, driven by a sharp fall in energy prices, means inflation in the eurozone is now at its lowest level since February 2010.