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11.01 09:05:35

EU unemployment hits 9.8% - Europe

Unemployment in the 27-member European Union is at a historically high level of 9.8 percent, according to the European Commission.
 

The EU economy grew modestly in the third quarter of 2011, although not enough to stabilise employment. The growth rate was 0.3 pct quarter-on-quarter, while the annual growth rate declined from 1.7 pct to 1.4 pct.

The groups most affected by unemployment were the young, the low-skilled and migrants. Growth forecasts for the EU were downgraded due to the international environment becoming weaker.


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