Eurozone jobless at 10-year high

**Unemployment levels across the 16 countries that use the euro hit a 10-year high in July, as the impact of the recession continued to be felt.**The number of people unemployed across the eurozone region totalled 15.1 million people in July, a seasonally-adjusted rate of 9.5%.

This was the worst monthly percentage figure recorded since May 1999.

The figure across all 27 members of the European Union was 9%, or 21.8 million people out of work.

This was the highest level of unemployment across the EU as a whole since 2005.

Unemployment increased in July in the eurozone’s two largest economies - France and Germany - despite both exiting recession between April and June.

France’s unemployment rate in July rose to 9.8% from 9.6% in June, while Germany’s increased to 7.7% from 7.2%.

Analysts put both rises down to the usual time-lag you get before employment levels start to pick up again once a country has left recession.

Re: Eurozone jobless at 10-year high

hmmmm

first such kind of things were happened in the Asian economies now Europe is experiencing it .