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- Eurozone unemployment rate hits new record in January
Eurozone unemployment rate hits new record in January
Unemployment rate in Eurozone rose to a new record high in January, the latest figures from Eurostat showed Friday.
The seasonally adjusted unemployment rate rose to 11.9 percent in January from an upwardly revised 11.8 percent in December. Economists had forecast the rate to rise to 11.8 percent from December's originally estimated 11.7 percent rate.
The jobless rate in EU 27 rose to 10.8 percent from 10.7 percent in December.
Available data suggests that the highest unemployment rate was in Greece with 27 percent in November. Greece was followed by Spain and Portugal.
Spain had an unemployment rate of 26.2 percent in January, while Portugal reported an unemployment rate of 17.6 percent.
The lowest unemployment rate was recorded in Austria, followed by Germany, Luxembourg and the Netherlands.
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