telegraph.co.uk / By Matthew Sparkes / 2:09PM GMT 30 Nov 2012
Recession in the eurozone forced a further 173,000 people out of work during October and pushed the unemployment rate to a record high of 11.7pc.
Almost 26m people across Europe are now out of work, according to the EU’s statistics agency Eurostat, with an 18.7m majority of those living in the eurozone.
The rate has been climbing steadily during the debt crisis. During September the eurozone unemployment rate was 0.1 percentage points lower at 11.6pc, while in the same period in 2011 it was 10.4pc.
The north-south divide in Europe also remains clear, as Austria has an unemployment rate of just 4.3pc, Germany 5.4pc and the Netherlands 5.5pc. Meanwhile, troubled Greece has a rapidly rising rate of 25.4pc and in Spain 26.2pc of people are out of work.