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Record joblessness in euro zone; hope fades for quick ECB cure
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Aug 1, 2012
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<p><a href="http://news.yahoo.com/record-joblessness-euro-zone-hope-fades-quick-ecb-025409343--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wsd21oom7YZoTJBND1msOA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-08-01T051254Z_1_CBRE86U0PPQ00_RTROPTP_2_SPANISH-UNEMPLOYMENT.JPG" width="130" height="86" alt="People queue to enter a government-run employment office in Madrid" align="left" title="People queue to enter a government-run employment office in Madrid" border="0" /></a>ROME/FRANKFURT (Reuters) - Joblessness in the euro zone hit on Tuesday its highest level since the single currency was born, a further sign of economic desperation as hopes erode that the bloc will be saved by its central bank this week. An additional 123,000 people were out of work in the euro zone in June, figures from Eurostat showed, bringing the unemployment rate to a record high 11.2 percent across the 17 countries that use the single currency. The rate hides wide divergences, with unemployment as low as 4.5 percent in Austria and as high as 24. ...</p><br clear="all"/>
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