RTÉ Business: 15 million out of work in euro zone
For the complete report RTÉ Business click on this link
15 million out of work in euro zone
Official EU figures show that the unemployment rate in the euro zone climbed to a 10-year high of 9.5% in May. 273,000 jobs were lost across the euro zone in May, the EU's Eurostat data agency estimated. Although activity in the recession-hit European economy is beginning to pick up, many companies are continuing to cut jobs in order to survive the worst post-war downturn.Eurostat estimated that in total 21.5 million people were unemployed across the EU in May, of which 15 million were in the euro area.
Labels: Economy, employment, EU
