The eurozone could lose 4.5 million more jobs in the next four years unless the region shifts away from austerity, the International Labour Organisation (ILO) has warned.

That rise would take unemployment in the 17-nation bloc to 22 million.

The unemployment rate in the eurozone hit 11.1% in May, according to official figures from Eurostat.

It took the total number of people out of work to 17.56 million, the highest level since records began in 1995.

In Spain, which has the highest unemployment rate in the eurozone, one in four people is now out of work, .

The youth unemployment rate in the eurozone stood at 22.6% in May, meaning 3.4 million people under the age of 25 were jobless.

Source URL: http://www.bbc.co.uk/news/business-18792720

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