MNI survey median: 11.8%
MNI survey range: 11.7% to 11.8%
Previous: Oct 11.7%, Sep 11.6%, Aug 11.5%, Jul 11.4% (11.5%), Jun 11.4%
FRANKFURT (MNI) - Eurozone unemployment rose on the month in
November by the smallest amount in three months, lifting the jobless
rate to 11.8% as expected, Eurostat reported Tuesday.
The number of jobless hit a series high of 18.82 million in
November, up by 113,000 from the previous month and 2.015 million higher
than one year ago. Youth unemployment, which covers persons under 25
years old, gained 0.2 percentage point to 24.4%.
Jobless numbers are likely to rise further in the coming months, as
firms look to trim excess capacity and costs to stay competitive amid