Eurozone jobless total hits record high!!!

Unemployment in the 17 country eurozone hit another record in May as it continued to be buffeted by its debt crisis.
Eurostat, the EU's statistics office, said that the jobless rate rose to 11.1% in May from 11% the previous month. That is the highest since the euro was launched in 1999.

Unemployment has been edging higher for over a year now as concerns over the debt crisis have weighed on economic activity. The highest unemployment rate was recorded in Spain, where nearly one in four people are out of work, closely followed by Greece.

In total, 17.6 million people were out of work in the eurozone in May, 1.8 million higher than the year before.

The Independent