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courtesy of the telegraph
The eurozone unemployment rate crept up to 10.8pc in February, from 10.7pc in January, according to European Union statistics office Eurostat. This means more than 17m people are now out of work in the single currency area.
Across the EU, the unemployment rate was 10.2pc in February, compared with 10.1pc in January.
The statistics also illustrated the growing divide between the eurozone's northern and southern states. Unemployment in Greece jumped more than one percentage point to 21pc in December, with youth unemployment creeping above 50pc, to 50.4pc.
Spain's unemployment rate also rose to 23.6pc, from 23.3pc in January, while jobless rates in Germany, the Netherlands and Finland continued to fall. More than half of Spain's under-25s are now out of work, according to Eurostat.
Spain is undergoing painful reforms in an attempt to keep its budget deficit down. On Friday, the country unveiled €27bn of spending cuts and tax increases in a budget branded the "most austere" in its democratic history.