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Eurozone unemployment rate hits record 10.3% in October

(Xinhua)

19:17, November 30, 2011

BRUSSELS, Nov. 30 (Xinhua) -- The unemployment rate in the eurozone hit a record high of 10.3 percent in October, 0.1 percentage point higher than September, the European Union's (EU) statistical bureau Eurostat said on Friday.

It was up from 10.1 percent registered one year ago, a sign that the eurozone labor market deteriorated a little bit along with worsening debt crisis and financial market turbulences.

For the 27-nation EU, the jobless rate rose by 0.1 point to 9.8 percent in October. It was 9.6 percent a year ago.

Eurostat estimated that 23.554 million men and women in the EU, of whom 16.294 million were in the eurozone, were unemployed in October

Compared with September, the number of persons unemployed rose by 130,000 in the EU and by 126,000 in the eurozone. Compared with October 2010, unemployment increased by 440,000 in the EU and by 367,000 in the eurozone.

Among the member states, the lowest jobless rate was recorded in Austria, which was 4.1 percent. The highest rate was seen in Spain, which was 22.8 percent in October.

The unemployment situation in Europe was still worse than that in the United States and Japan. In October, the unemployment rate was 9.0 percent in the United States, while in September it was 4.1 percent in Japan.

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