European Union reaches record unemployement

European Union reaches record unemployement

POSTED: Monday, July 2, 2012 - 7:30am

UPDATED: Monday, July 2, 2012 - 7:34am

The European Union's unemployment rate has gone up to a record 11.1%. Spain still has the highest unemployment rate on the continent, it's already record rate continued to climb and now stands at 24.6%.

Greece's unemployment rate isn't too far behind Spain's. Unemployment has been edging higher for more than a year now in Europe as concerns over the debt crisis have weighed on economic activity. In total, 17.6 million Europeans are out of work.

 

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