3 Dec 2012

Eurozone unemployment surges

9:50 pm on 3 December 2012

The deepening recession in the eurozone has pushed unemployment up to 11.7% in October, and there are predictions that the bleak trend may continue into 2013.

The countries that have introduced tough austerity measures such as benefit cuts and tax rises are suffering the largest number of job losses.

The unemployment has triggered large-scale migration of skilled workers from countries such as Portugal, Ireland, Greece and Spain.

For example Spanish job migration into Germany is up 150%.

The chief executive of the recruitment agency Elance, Fabio Rosati, says there's a growing trend for people to go online to find work in busier European Union countries.