Thursday, October 31, 2013 4:34 pm
News Summary: Eurozone unemployment hits new high
By The Associated Press
YOUTH HIT HARDEST: The ranks of the jobless swelled by 60,000 to a record 19.45 million. The unemployment rate remained at 12.2 percent. A particularly gloomy stat was on youth unemployment. It rose to 24.1 percent from 24 percent in August.
INFLATION DROPS: A sharp and unexpected drop in inflation to 0.7 percent in October from 1.1 percent a month earlier also cast doubts over the recovery of the eurozone, which just emerged from recession.