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Eurozone unemployment continued at record highs in June and while a first fall in the jobless numbers for more than two years offers some hope, officials and analysts were cautious on the outlook. “The figures remain horrendously high,” a European Commission official said, stressing the need to press ahead with economic reforms needed to boost employment. “Let’s be frank. There is no silver lining here … the figures are pretty much the same as the previous month.” The 17-nation eurozone jobless rate came in at 12.1 percent, unchanged from May, the Eurostat data agency said on Wednesday. …

Unemployment in the eurozone fell for the first time in over two years, according to new statistics. The new figures show that24,000 fewer Europeans were considered unemployed since May. The jobless rate in the 17-member eurozone is still high at 12.1 percent and a decrease in spending by shoppers in France Germany, and Spain will mar the promising new data. Domestic demand across Europe remains weak due to the downturn and austerity measures being taken by many nations. In the 27-member European Union, the unemployment rate is 10.9 percent, down from 11 percent in May. The jobless rate of young...

Amid signs that recession in the single currency area may be deeper than expected, Eurostat, the European Union's statistical agency, announced than the jobless rate in February was 12%. … Unemployment has now hit 58.4% in Greece, 55.7% in Spain, 38.2% in Portugal and 37.8% in Italy. Joblessness is lowest in Austria (4.8%), Germany (5.4%), Luxembourg (5.5%) and the Netherlands (6.2%). …

Eurozone unemployment reached a record 12pc in February and looks certain to ratchet higher as fiscal cuts deepen and manufacturing continues to struggle, raising the spectre of social explosion across southern Europe. A total of 19m people were out of work in the 17-member bloc in February, the European Union’s statistics office said on Tuesday, a rise of 1.77m on the same month last year. Greece was the worst affected, with unemployment at 26.4pc, but Spain remains the hardest hit of the large economies with a jobless rate of 26.3pc. Youth unemployment is above 60pc across large parts of the...

Record unemployment and fraying social welfare systems in southern Europe risk creating a new divide in the continent, the EU warned Tuesday, when figures showed joblessness across the 17 EU countries that use the euro hit a new high. Official data showed eurozone unemployment rose to 11.8 percent in November, the highest since the euro currency was founded in 1999. The rate was up from 11.7 percent in October and 10.6 percent a year earlier. … The figures illustrate the daunting tasks confronting the European Union. While the threat of a collapse of the eurozone due to too much government...

Today We Saw This Chart Literally Make People's Jaws Drop Joe WeisenthalJanuary 30,2012 We were just in the studios of GBTV (Glenn Beck's online network) around a group of folks who were watching Glenn's show, when he put up this chart from ZeroHedge of youth unemployment in Europe. Jaws literally dropped around the room. The extent of how bad it is is not well known.ZeroHedge By the way, the salience of this issue was underscored today, when even Rupert Murdoch began tweeting about it.