Europe’s Jobless Rate Hits New High

    People queue outside a government employment office in the center of Madrid on  October 26, 2012. Unemployment in Spain broke the 25-percent mark in the third quarter of 2012 as the country remained mired in a deep recession, official data showed. At the end of September, Spain counted 5,778,100 unemployed, which was 85,000 more than the previous quarter, the national statistics institute said.  AFP PHOTO / DOMINIQUE FAGET        (Photo credit should read DOMINIQUE FAGET/AFP/Getty Images)

    Dominique Faget, AFP / Getty Images

    Europe’’s unemployment hit a record high in September, with 18.5 million people out of work, —about 11.6 percent of the population of the 17-nation currency, —according to official data released by the European Union on Wednesday. Spain continues to have the highest jobless rate with 25.8 percent out of work, and Greece falling not far behind with 25.1 percent unemployed. Austria had the lowest unemployment rate, with 4.4 percent jobless. The numbers ticked up slightly from August, with a then-record jobless rate of 11.5 percent.

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