When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

Already a subscriber? Log in .

You've reached your limit of one free article.

Get unlimited access to Worldcrunch

You can cancel anytime .

SUBSCRIBERS BENEFITS

Exclusive International news coverage

Ad-free experience NEW

Weekly digital Magazine NEW

9 daily & weekly Newsletters

Access to Worldcrunch archives

Free trial

30-days free access, then $2.90
per month.

Annual Access BEST VALUE

$19.90 per year, save $14.90 compared to monthly billing.save $14.90.

Subscribe to Worldcrunch
Economy

Record Unemployment Figures Spell Doom For Europe

Worldcrunch

PARIS - On Friday, the European statistics agency Eurostat, released new European Union and euro zone unemployment figures from January, showing record highs.

Here is a breakdown of the alarming numbers:

- More than 26 million people unemployed in the 27-member European Union.

- Almost 19 million unemployed in the 17-country euro zone.

- Euro zone average: 11.9% unemployment

- European Union average: 10.8% unemployment

- Highest rates:

Greece: 27%

Spain 26.2%

Portugal: 17.6%

- Lowest rates:

Austria: 4.9%

Germany and Luxemburg: 5.3%

- The U.S.: 7.9% unemployment in Jan. 2013.

- Australia: 5.4%

- Japan: 4.2%

Not surprisingly, youth unemployment was also up:

- Euro zone youth unemployment: 24.2%, up from 21.9 in Jan. 2012.

- European Union under-25 unemployment: 23.6%, up from 22.4% in Jan. 2012.

The worst European countries for youths:

- Greece: 59.4% youth unemployment rate.

- Spain: 55.5% youth unemployment rate.

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

This Happened—November 28: Image Of A Boko Haram Massacre

Updated Nov. 28, 2023 at 12:00 p.m.

The heartwrenching photograph of innocent farmers' bodies wrapped after being slaughtered during the Koshebe Massacre by Boko Haram would be an image burned into peoples minds.

Keep reading...Show less

The latest