Unemployment in the eurozone hit a fresh high of 18.2 million in
August, a record high of 11.4%.
The highest unemployment rate was recorded in Spain, where 25.1% of the
workforce is out of a job, and the lowest of 4.5% was recorded in Austria.
Last week, the European Commission warned of the existence of "a
real social emergency crisis" due to the fall in household income and
growing household poverty.
Youth unemployment remains a particular concern, with the rate among under-25s
hitting 22.8% across the eurozone, and 52.9% in Spain.
The commission repeated its call to governments and businesses to act to
try to avoid the "disaster" of "a lost generation".
In Greece, the most recent figures recorded in June show that more than
50% of the young workforce has no job.
Apart from the social cost the spectre of unemployment represents a very
major threat to economic recovery in the EU with all the global implications
that this brings
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