Euro unemployment at new high | Bangkok Post: news

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Euro unemployment at new high

European unemployment has hit an unacceptable high, as one national leader put it on Tuesday, with dire figures in Spain highlighting a growing north-south divide that experts warn will only get worse.

People wait at a job centre in Tour, France, November 14, 2012. European unemployment has hit an unacceptable high, as one national leader put it, with dire figures in Spain highlighting a growing north-south divide.

The unemployment rate across the troubled 17-nation eurozone hit 11.8 percent in November, up from 11.7 percent in October, with the number of people out of work in the single currency area now nudging 19 million.

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