Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed Monday.
Eurostat, the EU's statistics office, said the eurozone's unemployment rate rose 0.1 percentage point in May to 12.1 percent. April's unemployment rate was initially estimated to be 12.2 percent, but it was revised down to 12.0 percent thanks to new data, particularly from France.
The figures will make sobering reading for the region's politicians as they gather in Berlin this week to tackle the problem of youth unemployment — nearly one in four people aged under-25 are out of work — and the damage it is doing to the eurozone's economy and social fabric.
Tuesday, July 02, 2013
Oh, good plan
Naturally, people think we should do that here: