The unemployment rate in the Eurozone hit a record 12.2% last month as the region continues to battle a lengthy recession triggered by austerity measures and debt problems in some key nations.This is austerity? Maybe for Greece...
Joblessness has soared over the past two years as the 17-nation, single-currency region fell back into recession after the worldwide global slowdown that hit in 2008-2009.
The unemployment rate reached a new record in April after two months at the previous high of 12.1%, Eurostat, the region's statistical office, said Friday.
The rate was 11.2% one year earlier and has been climbing steadily since mid-2011.
Eurostat makes it clear - spending is rising, not falling:
"Austerity," hah!
No comments:
Post a Comment