Thursday 4 February 2010

Eurozone unemployment rate hits 10% Spain's is 19%

The unemployment rate in Spain has increased to 19.5%.Unemployment in the 16 countries that use the euro hit 10% in December for the first time since the single currency was introduced in 1999.
Spain continues to have the highest rate in the eurozone - rising to 19.5% in December. Some 21% of under-25s in the eurozone were unemployed in December 2009, with Spain suffering the highest rate of all, at 44.5%.Separate figures released by the country's National Statistics Institute show that in the final three months of 2009, 4.33 million people were unemployed in Spain.

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