Eurozone unemployment hits record high of 11 percent

Eurozone unemployment hits record high of 11 percent

www.presstv.ir

The eurozone unemployment rate has hit a record high of 11.0 percent for the second month running in April, the highest level since records began in 1995, official figures revealed.


The European data agency, Eurostat, announced on Friday that over 17.4 million people were unemployed in the eurozone in April, up from 17.3 million, as the bloc has been struggling to tackle the financial crisis.

The country to suffer the most rate of unemployment in the 17-nation single currency area was Spain,

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17.4 million unemployed in the "Eurozone".

24.3% in Spain !

With international corporations and international banks running the show, and the U.S. figures in bad shape, it seems the U.S. may be heading back to the future as they say.


What will people do if and when unemployment goes to 11% in the U.S. ?

Of course the "real" U.S. rate is more like 14% including people who get "stripped" from the ranks when benefits run out.

I wonder how they count things in Europe compared to the U.S.




www.presstv.ir
(visit the link for the full news article)

Originally posted by xuenchen

17.4 million unemployed in the "Eurozone".

That's roughly about the size of an army you would need to combat multiple nations on a planetary scale. This is not a coincidence.

reply to post by xuenchen


General rule for government unemployment numbers: Multiply by 3.

"Eurozone unemployment hits record high of 33%"

Yes.. more believable. Just as the USA is at 8% it's really more like 24%

reply to post by Rockpuck


Canada is even worse, CBC and other Canadian news outlets have reported that one million young adults are out of work and not in school in either colleges or universities.

That is pretty much troubling.

oops