European Economic News

Eurozone Sep Unemployment Rate At Record High

The euro area unemployment rate increased to a record 11.6 percent in September from a revised 11.5 percent in August, Eurostat said Wednesday. The jobless rate was forecast to remain at August's originally reported 11.4 percent.

About 18.49 million people were unemployed in September, up 146,000 from August. Compared with September 2011, unemployment rose by 2.174 million.

The EU27 jobless rate remained stable at 10.6 percent. The lowest unemployment rates were recorded in Austria and Luxembourg. Meanwhile, the highest rates were seen in Spain and Greece.

by RTTNews Staff Writer

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