Grim record as euro nations' jobless level rises to 18.2 mil.
October 2, 2012, 12:02 am TWN
BRUSSELS -- Jobless numbers shot up to a record 18.2 million in the eurozone in August, official data showed Monday after a sharp revision to earlier figures highlighted the damage caused by the debt crisis.
The grim 18,196,000 headline jobless figure for August released by Eurostat was the highest since records began in 1995 and equated to a massive jump of 2,144,000 in the last 12 months.
In a statement, the European Union agency said the August unemployment rate of 11.4 percent was “stable” compared to July, with just a 34,000 increase.