November figures have Eurozone unemployment at a new record high of 11.8%, rising .1% from October figures and the previous high. The European Union as a whole held at 10.7%. Continue reading
Tag Archives: Unemployment
UK Reports A Decrease In Unemployment
The UK reported a surprisingly strong drop in unemployment between August and October. The unemployment figure fell 82,000 to 2.51 million. It was the biggest fall in unemployment in eleven years. Continue reading
Eurozone Unemployment Hits Another High
Unemployment in the Eurozone continued it’s rise hitting 11.7% in October, more than a percentage point higher than last October.
The total of the unemployed in the zone has reached 18.7 million. Continue reading
Unemployment Riots In Tunisia
Over 200 people have been wounded after a second day of battles between protesters and Tunisian security forces.
The protesters are upset over high unemployment in the country. Tunisia is the birthplace of the “Arab Spring” that overthrew various leaders calling for Islamic rule that they believed would bring them prosperity. Continue reading
Eurozone Unemployment Hits A New Record High
Eurozone unemployment surged to a new record high of 18.49 million in September, an increase of 146,000 from August. The unemployment rate of 11.6% is almost a point and a half higher than one year ago.
Spain once again lead the way with an unemployment rate of 25.8%. In Spain and Greece, over half the workforce under 25 is unemployed. Continue reading
One in Four Greece Citizens Unemployed
Unemployment in Greece reached 1 in 4 adults for the first time in the nation’s history according to figures released today.
Greece’s statistical authority reported that the country lost 1,000 jobs a day over the last year. Over 1.26 million citizens were without a job in July. Government budget cuts and a deepening recession ahead for the next year was likely to increase that number. Continue reading
Eurozone Unemployment At Record High
On the same day that Italy’s prime minister proclaimed he could see a “light at the end of the tunnel” for the Eurozone debt crisis reports surfaced that the unemployment rate is at a record high.
Italian Prime Minister Mario Monti met with French President Francois Hollande in Paris for discussions on the euro. Hollande agreed their had been “significant progress” in recent weeks and that the euro should be “defended, preserved and consolidated.” Continue reading
Bad Economic News For US and Eurozone
The US economy’s unemployment rate increased slightly in April while the Eurozone’s held steady at a record high level.
The news sent all the US stock markets plunging lower in morning trading. The jobless rate in the US increased to 8.2%, up .1%, according to the Labor Department report. The number of jobs added in March and April was revised down by 49,000 and there are now five million fewer jobs in the US than at the start of the recession. Continue reading
Spanish Unemployment At Record High
Just hours after Standard & Poor’s downgraded Spain’s debt, the beleaguered nation reported a record high in unemployment.
Official figures show an employment rate of 24.4% with over 5.6 million people looking for work. Continue reading
