UK employment figures set example to Europe

The UK's strong labour market is not only at odds with the country's overall economic situation, it is also in stark contrast to that seen elsewhere in the eurozone.

Just less than a month after government officials in the UK said that employment in the country could surpass 30 million for the first time, Eurostat has released figures which show that the unemployment in the financial block is at 11.8 per cent.

The group estimates that 26.061 million men and women in the EU27 - of whom 18.820 million live in eurozone countries - were unemployed in November 2012, up by 154,000 in the EU27 and a eurozone increase of 113,000 compared with the previous month.

Figures varied widely across the bloc with the lowest unemployment rates recorded in Austria (4.5 per cent), Luxembourg (5.1 per cent), Germany (5.4 per cent) and the highest seen in Spain (26.6 per cent) and Greece (26.0 per cent).

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Source: Salespeak News