The unemployment rate in the 17 euro countries reached its highest level since the creation of their currencies in the last 13 years. Unemployment rose 11 percent in April as employers cut 110 000 jobs.While the unemployment rate in 27 other euro countries rose to 10.3 percent in April. The reason, as employers cut 102,000 jobs from their salary. According to records, the highest unemployment in the EU since 2000.
There are 24.7 million unemployed in the European Union in April, of whom 17.4 million are in the euro zone. Both numbers are well above the 12.7 million unemployed in the United States, which has a population of about six percent less than the euro zone.The United States in May melaporan, they add to the 69 000 workers. Although the number of unemployed still ticking up 8.2 percent.
The worst unemployment problem in Spain. The unemployment rate reached 24.3 percent. Greek unemployment reached 21.7 percent in February, last month in which figures are available.Greece is the country's debt default risk, especially if the European bailout deal collapsed as a result of the election. Such a move could force them out of the euro zone. While Spain dealing with the crisis in the banking system and may need a bailout of Europe itself.
Severe unemployment problem, especially for young workers across Europe, as 22.4% of those aged 24 or younger unemployed in the EU in April. More than half of young workers without a job in Spain and Greece.