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MENAFN - - 30/03/2012

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(MENAFN) Eurostat, the EU's statistics office, said that in January, the euro zone jobless rate grew to 10.7 percent, reported AP.

The agency added that the highest unemployment rate was recorded in Spain, at a massive 23.3 percent, whereas Greece's jumped to 19.9 percent in December, the last available figures for the country.

It also said that Europe's jobless rate has been steadily rising all year as the wider economy declines due to the debt crisis that's meant widespread austerity measures being pursued across the euro zone.

It is worth noting that January's jobless rate figure marks the highest point since the euro was founded in 1999.

 






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