Eurozone jobless stays at record high of 11.2 pct

BRUSSELS (AP) ? Official figures show unemployment across the economy of the 17 countries that use the euro hit a record high in June, in another stark reminder to policymakers that their failure to get a grip on Europe's debt crisis has had ramifications way beyond the confines of the bond market.

Eurostat, the EU's statistics office, says Tuesday that eurozone unemployment in June was 11.2 percent, unchanged from the previous month's upwardly-revised rate. May's rate had originally been estimated at a then record high of 11.1 percent.

The figures will add to the pressure on policymakers to deal with the crisis. Mario Draghi, the European Central Bank's president, indicated last week that new measures are imminent.

Ahead of Thursday's ECB meeting, Eurostat also says inflation was unchanged at 2.4 percent in July.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-07-31-Europe-Economy/id-3733c38c8f8e43e79241475c59a96ff6

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