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LONDON (AP) — Unemployment across the 17 EU countries that use the euro hit another record high in April, official figures showed Friday, the latest in a series of ignominious landmarks for the ailing single currency zone.
Eurostat, the EU's statistics office, said Friday that unemployment rose to 12.2 percent in April from the previous record of 12.1 percent the month before. Another 95,000 people joined the ranks of the unemployed, taking the total to 19.38 million. At this pace, unemployment in the eurozone could breach the 20 million mark this year.
The differences are particularly stark when looking at the rates of youth unemployment. While Germany's youth unemployment stands at a relatively benign 7.5 percent, well over half of people aged 16 to 25 in Greece and Spain are jobless. Italy's rate has ticked up to over 40 percent.