NPR logo

Eurozone's Jobless Rate Hits Record High

  • Download
  • <iframe src="https://www.npr.org/player/embed/176104578/176104551" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Eurozone's Jobless Rate Hits Record High

Business

Eurozone's Jobless Rate Hits Record High

Eurozone's Jobless Rate Hits Record High

  • Download
  • <iframe src="https://www.npr.org/player/embed/176104578/176104551" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The jobless rate in the eurozone hit 12 percent for the first two months of the year. That's the highest unemployment has been in the eurozone since the euro currency was introduced in 1999.

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with a record high in Europe.

The jobless rate in the eurozone hit 12 percent for the first two months of the year. That's the highest unemployment has been in the eurozone since the euro currency was introduced in 1999. Analysts say rising unemployment is partly due to budget cuts and tax hikes aimed at reducing heavy levels of government debt.

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.