Eurozone unemployment hits fresh high

Unemployment in the eurozone reached yet another record high in March as spending cuts continued to hit the working population.

For all 17 nations in the eurozone, the jobless rate rose from 10.8% to 10.9%, the highest since the euro was formed in 1999, Eurostat said. The rise means 17.4 million are now looking for work, and more than 3 million of those are under 25. Italy's unemployment rate was one of the main climbers, reaching a 12-year high, up to 9.8%. Germany - seen as the economic powerhouse on the continent - also saw a surprise rise in its own jobless rate, after it rose to 6.8% in March, ending six months of declines. The number of Germans out of work is now at 2.87 million. For the whole o...