UNEMPLOYMENT in the crisis-torn single currency bloc has reached a record high of nearly 19.5million, figures showed yesterday. Statistics agency Eurostat said the number out of work in the eurozone rose by 996,000 in the 12 months to the end of September. The jobless rate hit an all-time high of 12.5 per cent in Italy while more than half of Greeks and Spaniards under the age of 25 who want work cannot find a job. Unemployed: People waiting in line at a government employment office in Madrid. The number of unemployed in the 17-nation eurozone reached a record high in September as the bloc's nascent recovery failed to generate jobs, official data revealed today
@highlight
Number of unemployed in eurozone reached a record high in September
@highlight
S&P Dow Jones Indices: Greece no longer classifies as developed market
@highlight
US said that Germany is hampering economic stability in Europe
@placeholder argues that it has more than halved its trade surplus within the euro zone as a share of GDP since 2007.