Wednesday, November 7, 2012

Euro-Zone Unemployment Strikes Record

The number of people out of work in the euro zone climbed to another record high in September, the latest evidence of the damage the region's long-running fiscal crisis is doing to the real economy as governments cut spending to try to control their debts.
Eurostat, the European Union's official statistics agency, said Wednesday that 18.49 million people were unemployed in the euro zone in September, after 146,000 more people lost their jobs during the month. The total is the highest on record for the 17 nations that now use the euro, based on data going back to 1995.

1 comment:

Bethany Hissong said...

I appreciate what you wrote on Muffy's blog! She wouldn't even post mine because I mentioned how Obama was taking away farm freedoms. She is very old-school Dem as you have noticed and doesn't want to upset her college-age liberal following either. I totally agree with you on many things!