London (ap) - another month, another record unemployment rate for the use of euro 17 eu countries economic.
Diagram of European Union statistics bureau released on Friday, the bureau of statistics show that in the euro zone economic recession will be the unemployment rate rose to 11.7% in October, in a monetary union, introduced in 1999, the highest level since the euro.
From September 11.6%, previous record is rising, in the third quarter is expected to return to economic recession, the euro zone, is usually defined as two consecutive quarters of negative growth.
Although the euro zone's unemployment rate has been slow to rise, since June 2011, in the United States, the equivalent rate has dropped to below 8%, become the world's largest economy continues to recover from recession. In October, at 7.9%.
Eurostat 18.7 million people working in the euro zone, with an increase of 173000 last month, higher than the previous one year of 2.2 million. More widely the 27-nation European Union, including the eurozone countries, such as Britain and Poland's unemployment rate 10.7% in October, the total 259000 work.
, the European Union executive body of the European commission spokesman Jonathan · Todd said, "in the European level of unemployment still high it is unacceptable,".
Spain and Greece area the highest unemployment rate -- are more than 25%, 60%, this number can have a long-term economic and political influence to youth unemployment level.
"Now talk about" lost generation "of young people, looks like a shocking possibility," said Andre, blau meal, in employment institute of chief researcher.
The two countries are in recession and trying to convince investors, and themselves, they can control their own economy. , along with some other European countries, have issued tough austerity measures, such as to cut spending and raise taxes to be processed on their debts.
However, reduce wages and pensions and other measures, dozens of labor force in your pocket, in economic and downstream demand.
Next to the crunch take other measures, such as reform labor practice and improving the skills and education, aims to promote into employment, but they need time, formulate and through the economic support.
"We expected, but, this kind of progress in the structural reform, especially those who improve Labour market operation, will help to reduce unemployment and promote the new employment opportunity," the European central bank President Della auspicious, said in a speech: on Friday in Paris.
Many economists believe that in many countries the unemployment rate will continue to rise for several months, of course, as long as keep the economy in recession. Della achish said Friday, he expects, eurozone recovery in the second half of next year began.
Mary Diron, accounting firm ernst &young senior economic adviser, forecast the unemployment rate will rise to 2013 peak in 200000 in a little bit in this year's last quarter. She hope, by that time, the company has become a "lean and fitter" may promote economic growth, and once again began to recruitment.
"But, in our reach this stage, unfortunately more pain, through the and social cost is high," Diron said.
The committee said Todd, the European Union all countries should adopt a new plan next week - formally put forward - to help unemployed under 25 years of age. The plan will ensure that a young man, leave school or unemployment after 4 months, will provide work, continue to education, training or apprentice.
"It will be expanded to the entire European Union already existing good practice exist, for example, Austria, Finland and Sweden," said Todd. The three countries are below the average level of unemployment, Austria had the lowest the euro area is 4.3%.
At present, the eurozone country debt crisis - the forefront of Greece, Spain, Italy, Cyprus and Portugal - are in recession. Other possible in the next few months to join their ranks.
Monetary union country economies, such as Germany and France, also saw a decrease in the level of growth in the past one year, is the enterprise to cut costs increased pressure. Industrial giant Siemens AG, for example, announced on Friday, will cut 4700 work, but not all of the German.
Germany October unemployment rate unchanged at 5.4%. France is stable, although nearly twice as much as 10.7% of Germany.
In addition, the family got some good news, the bureau of statistics data show that the eurozone inflation rate fell more than expected 2.5%, 2.2% of a month earlier, November to 23 months low.
Since this is a preliminary estimate, there is no reason for autumn, but weakened labor market pressure, remove wage may, at least in part, the back of the autumn.
"We think that inflation could further down many, in the next year or so spare capacity in the economy, to help families of the actual income to ease crowded, said:" in the Capital economy (Capital Economics) chief European economists Jonathan fiennes lowe. "But, whether this will get their spending crunch and unemployment rising environment, is another matter."
Although the November down, inflation remains above the European central bank's goal to keep at slightly less than 2% of the prices. There are few economists believe that the European central bank will cut its main interest rate from the current 0.75% record lows in its policy meeting monthly next Thursday.




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