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6/11/12

Unemployment rates in Europe rising

An estimated 17.4 million people in the 17-nation eurozone were unemployed in April 2012, as the jobless rate increased to a record 11 per cent, according to Eurostat, the EU's statistical office. Across the wider 27-member European Union, 24.6 million men and women were unemployed. Austria at 3.9 per cent and the Netherlands at 5.2 per cent boasted the lowest unemployment rates. Meanwhile, Spain - the eurozone's fourth largest economy - has struggled to contain its unemployment rate which has ballooned to 24.3 per cent. By comparison, Canada's unemployment rate in April was 7.3 per cent.

Read more: MAP: Unemployment rates in Europe- Interactive - CBC.ca

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