Eurozone unemployment hits new record

Unemployment in the eurozone hit a record high at the end of last year, the Eurostat agency has said.Eurozone unemployment hits new recordThe jobless rate in the 17 countries that use the single currency was 10.4% in December, unchanged from November’s figure which was revised up from 10.3%.

Some 16.5 million people were out of work in the eurozone in December, up 751,000 on the year before.

The highest unemployment rate remains in Spain (22.9%), while the lowest is in Austria (4.1%).

Unemployment has been rising throughout 2011, as the debt crisis in the region has continued. In December 2010, the unemployment rate in the euro area was 10%.
Investment delays

In the 27 EU countries, the unemployment rate was 9.9% in December, with 23.8 million people out of work. November’s figure was also revised up from 9.8% to 9.9%.

The biggest increases over the past year were seen in Greece, Cyprus and Spain.

The idea of working for one employer is only relatively new. In the UK over 3.4  people work for themselves according to the HMRC.

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April 20, 2012 · Home Based Jobs · Comments Closed
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