Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

European Job Data Shows Lack Of Recovery

BRUSSELS, Jan. 31 (UPI) — The unemployment rate in the eurozone was unchanged in December compared to November, holding at 10.4 percent, the European Union’s data office said Tuesday.

The rate is a modest tick higher than the 10 percent rate of December 2010 but shows a clear lack of an economic recovery. The gross domestic product in Europe has trended lower. In Britain and Germany in the fourth quarter, the GDP contracted about 0.2 percent.

In the 17-member region that shares the euro as currency, 16.4 million members of the workforce were unemployed in December, Eurostat said. By contrast, in August 2011, 15.7 million were listed as unemployed.

In the 27-member European Union, the unemployment rate was also unchanged from November to December, holding at 9.9 percent, with 23.8 million members of the workforce out of work.

In the European Union, unemployment stood at 9.5 percent 12 months prior.

The countries with the lowest unemployment rates in the region are Austria at 4.1 percent, the Netherlands at 4.9 percent and Luxembourg at 5.2 percent.

Spain, at 22.9 percent, had the highest unemployment rate. In Greece, the rate stands at 19.2 percent. In Lithuania, the rate is reportedly 15.3 percent, although the most current data comes from the third quarter of 2011.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “European Job Data Shows Lack Of Recovery”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.