European Unemployment Over 12 Percent

The number of people out of work in the euro zone was 19.241 million, 4,000 more than in the previous month, the European Union’s statistics office Eurostat said.

Unemployment was lowest in Austria, at 4.8 percent, and Germany, at 5.2 percent, while the highest rates of joblessness were in Greece, at 27.4 percent, and Spain at 26.7 percent.

The number of people out of work in Europe has been rising since 2011. The European Commission said on Wednesday that in addition to national reforms, the 28-nation EU had to integrate further economically, fiscally and politically to address the problem.

via Reuters

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