Summary Box: Eurozone unemployment hits high

AP News
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Posted: May 02, 2012 1:32 PM
Summary Box: Eurozone unemployment hits high

RECORD UNEMPLOYMENT: Pressure is growing on Europe's leaders to focus less on austerity and more on stimulating growth as the 17 countries that use the euro face record high unemployment and a recession spreading across the region.

GRIM FIGURES: Eurozone unemployment rose by 169,000 in March, taking the rate up to 10.9 percent _ its highest level since the euro was launched in 1999.

STILL RISING: The seasonally adjusted rate was up from 10.8 percent in February and 9.9 percent a year ago. In the U.S., unemployment has fallen from 9.1 percent in August to 8.2 percent in March.


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