11.7 Percent: Eurozone Unemployment Hits A Record HighDecember 2, 2012 6:28 am
Since 1999, when the Euro was introduced, this has been the worst employment scenario: at 11.7 percent, unemployment in the Euro currency zone is at a record high, across the 17 countries that are part of the union (Source)
Some numbers from the news link:
“Eurostat found that 18.7 million people were out of work across the eurozone, an increase of 173,000 on the previous month and 2.2 million higher than the year before. The wider 27-nation EU that includes non-euro countries such as Britain and Poland had an unemployment rate of 10.7 percent in October and a total of 25.9 million out of work.”
Read more: http://business.time.com/2012/11/30/eurozone-unemployment-hit-another-record-high/#ixzz2DsCtWcVa
These are big numbers, and without doubt, a huge cause for concern. Your turn, Merkel.