Spain tops list of EU's 10 worst employment blackspots
The top five worst hit areas are in Spain, where almost 6 million people are without a job. All five regions have jobless rates of more than 33%, led by Andalusia at 36.3
"Mining investment is coming off, maybe not as quickly as people have been worrying about, but it's that growth transition, the pick-up in the non-mining side, where the evidence is still mixed,"
The numbers come just a day after Australia's central bank left its key interest rate unchanged at a record low 2.75%
Some analysts suggested that if growth continued to remain weak, the bank may be prompted to cut rates further to try to boost the economy.