Unemployment in the eurozone hit a record high in October, with more than 170,000 extra jobs lost and youth joblessness at almost 24 per cent, as the economy slumped into recession. Overall, the eurozone had a jobless rate of 11.7 per cent in October, up from 11.6 per cent in September, with the numbers out of work rising to 18.7 million from 18.49 million, the Eurostat data agency said. Year-on-year figures from the agency showed a particularly bleak picture for under 25-year-olds, with almost one in four out of work both in the 17-nation eurozone, and 27-nation European Union - against one in five a year earlier. Compared with October 2011, an extra 279,000 young people were out of work in the EU, and 350,000 in the eurozone in October this year. The youth unemployment rate rose to 23.9 per cent in the eurozone and to 23.4 percent in the EU compared with 21.2 per cent and 21.9 per cent respectively a year earlier, Eurostat said.

Pray: that the authorities across the eurozone will be able to find a solution to the unemployment problem.

More: http://www.aljazeera.com/news/europe/2012/11/20121130121846588948.html