Euro Crisis

Eurozone Unemployment at Record High

Hit 11.4 percent in August


Unemployment across the 17 countries that use the euro remained at its record high of 11.4 per cent in August, official data showed Monday, renewing concerns that efforts to slash debts have sacrificed jobs.

While European leaders have managed to calm financial markets in recent months with promises to cut spending and build a tighter union, they have been unable to halt the rising tide of joblessness.