Eurozone jobless total reaches fresh high

Author (Person)
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Series Details 1.9.12
Publication Date 01/09/2012
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Unemployment in the eurozone hit a fresh high in July 2012, while inflation increased more than expected – a mix that could make it harder for policy makers to take decisive measures to restore business confidence and boost economic growth.

There were 18m people without jobs in the 17-country euro area in July, the highest number since the launch of Europe’s monetary union in 1999.

The unemployment rate remaining at 11.3%, according to Eurostat, the EU’s statistical office. Joblessness among the under-25s was 22.6%.

Related Links
BBC News, 31.8.12: Eurozone unemployment at new high
Eurostat: Press Release, No.124, 2012: July 2012 Euro area unemployment rate at 11.3% EU27 at 10.4%
Eurostat: Press Release, No.123, 2012: Flash estimate - August 2012 Euro area inflation estimated at 2.6%
ESO: Background information: Eurozone unemployment at record high

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