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| Europe |
| Record 11.1 Percent Unemployment in Eurozone |
| 2012-07-02 |
| Unemployment in the 17 country euro currency bloc hit another record in May as the continent continued to be buffeted by its debt crisis, official figures showed Monday. Eurostat, the EU's statistics office, said unemployment rose to 11.1 per cent in May from 11 percent the previous month. That's the highest rate since the euro was launched in 1999, and compares badly with an unemployment rate of 8.2 per cent in the United States and only 4.4 per cent in Japan. In total, 17.6 million people were out of work in the eurozone in May, 1.8 million higher than a year earlier. |
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| #3 That would be the official unemployment rate as opposed to, say, the percentage of working age adults who have jobs. I don't know what the statistics are now, but when we lived in Germany in the early '90s, something like 70% of women never held a paying job, and university students averaged something like a decade in school before getting their degree and going to work. |
| Posted by: trailing wife 2012-07-02 20:11 |
| #2 Obama's reach widens still as his goals are being reached. Elites (few) & serfs (many) are his ideal classes. |
| Posted by: AlanC 2012-07-02 16:49 |
| #1 Why does all of this remind me of the 1930s? |
| Posted by: DarthVader 2012-07-02 15:37 |