Eurozone jobless rate at 15-year record high of 10.8%April 2, 2012 - 15:06 AMT PanARMENIAN.Net - The eurozone unemployment rate hit a 15-year record high of 10.8 percent in February, up from 10.7 per cent the previous month, official figures showed on Monday, April 2, according to AFP. The Eurostat data agency estimated that more than 17.1 million men and women were out of work in February after the ranks of the unemployed rose by 1.48 million compared with February 2011. The seasonally-adjusted unemployment rate also rose to a new record in the wider, 27-nation European Union, hitting 10.2 per cent in February compared to 10.1 the previous month. An estimated 24.55 million people were unemployed in the EU, an increase of 1.87 million from February 2011. The unemployment rate rose in 18 EU states and fell in eight others compared to a year ago. It remained stable in Romania. Spain remained the nation with the highest rate at 23.6 percent, followed by Greece at 21 percent. The Greek figures date from December. The states with the lowest rates were Austria (4.2 percent), the Netherlands (4.9 percent), Luxembourg (5.2 percent) and Germany (5.7 percent). Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |