Captain Rick: Unemployment in the 17 country Eurozone hit a record high in September of 11.6%, up 1.2% from a year ago. The sluggish economies of Spain, Greece and Portugal lead the pack with unemployment rates above 25%. Portugal is at 15.7%. Austria has the lowest rate of 5.2%, followed by Germany and the Netherlands at 5.4%.
The unemployment rate for the entire 27 member-states of the European Union, including countries that do not use the Euro, was unchanged at 10.6%, up from 9.8% a year ago. The total number of of unemployed people in this area rose by 169.000 to 25.75 million.