Wednesday, 31 October 2012

Euro area unemployment rate increases to 11.6%, 18.490 million unemployed

Eurostat reports,
The euro area (EA17) seasonally-adjusted unemployment rate was 11.6% in September 2012, up from 11.5% in August. The EU27 unemployment rate was 10.6% in September 2012, stable compared with August. In both zones, rates have risen significantly compared with September 2011, when they were 10.3% and 9.8% respectively. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 25.751 million men and women in the EU27, of whom 18.490 million were in the euro area, were unemployed in September 2012. Compared with August 2012, the number of persons unemployed increased by 169 000 in the EU27 and by 146 000 in the euro area. Compared with September 2011, unemployment rose by 2.145 million in the EU27 and by 2.174 million in the euro area.
Read this Eurostat press release for more bad unemployment news for the hopeless political European project which drives people into unemployment and poverty. How bad do things need to get before both elected politicians and the electorate say enough is enough?
 

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