7 Jan 2012

Eurozone unemployment still high

6:34 am on 7 January 2012

Unemployment in the eurozone stayed at a record high in November.

The jobless rate in the 17 nations was 10.3% in November for the second consecutive month in a row.

According to the Eurostat statistics agency, 16.3 million people were out of work.

Spain's unemployment rate was highest at 22.9%, accounting for more than a quarter of the total eurozone unemployment figure.

Separately, Eurostat said that eurozone retail sales fell 2.5% in November, compared with the same month the previous year.

The BBC reports the steepest decline was in Portugal, where sales fell 9.2% from a year earlier.