Eurozone unemployment has edged up to its highest level for more than 10 years but the rate of increase has slowed noticeably, in the latest sign that government policies are curbing steep rises in job losses.Seasonally adjusted unemployment in the 16-country region rose in August by 165,000 to 15.2m, reported Eurostat, the European Union's statistical office. The latest increase was similar to those seen since May but sharply lower than earlier in the year, when monthly increases were averaging about 400,000.At 9.6 per cent of the workforce, however, the eurozone unemployment rate was the highest since March 1999. Unemployment rates also vary markedly between eurozone countries. Joblessness remains by far the worst in Spain, where the unemployment rate leapt from 18.5 per cent in July to 18.9 per cent in August. In contrast, the Netherlands reported a rate of just 3.5 per cent in August, the lowest rate in the European Union.
Seasonally adjusted unemployment in the 16-country region rose in August by 165,000 to 15.2m, reported Eurostat, the European Union's statistical office. The latest increase was similar to those seen since May but sharply lower than earlier in the year, when monthly increases were averaging about 400,000.
At 9.6 per cent of the workforce, however, the eurozone unemployment rate was the highest since March 1999.
Unemployment rates also vary markedly between eurozone countries. Joblessness remains by far the worst in Spain, where the unemployment rate leapt from 18.5 per cent in July to 18.9 per cent in August. In contrast, the Netherlands reported a rate of just 3.5 per cent in August, the lowest rate in the European Union.
in the latest sign that government policies are curbing steep rises in job losses.
So government works? In the long run, we're all dead. John Maynard Keynes
