Eurozone unemployment rises to near 10-year high

EUROZONE unemployment rose to 9.2 per cent in April, its highest in almost a decade years, data showed yesterday.<br /><br />In April, 396,000 people in the Eurozone lost their jobs &ndash; more than analysts had forecast. ING economist Martin van Vliet said leading labour market indicators &ndash; such as surveys of hiring intentions &ndash; show further losses ahead and the Eurozone jobless rate could climb to 12 per cent.<br /><br />There was also gloom across the channel in the UK, after official data showed that the amount of borrowing by companies and households&nbsp; fell in April by 0.1 per cent &ndash; the biggest drop since records began in 1997.<br /><br />This indicates a net repayment of debts, in a further sign that companies and individuals are hoarding cash instead of borrowing.