Eurozone Unemployment Rate Hits Record High

Unemployment in the eurozone has reached a fresh record high with the jobless rate up to 11.1 percent in May. It´s the highest rate since the euro was launched in 1999.

In the 27 countries of the European Union the rate went up from 10.2 percent to 10.3 percent in May.

In total, 24.86 million people in the EU and 17.56 million people in the eurozone were out of work. Spain has suffered most and reports the highest unemployment rate in Europe with 24.6 percent.