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Eurozone unemployment comes in at 11.7% in December, which was stable compared with November and...

Eurozone unemployment comes in at 11.7% in December, which was stable compared with November and below consensus of 11.9%. The number of unemployed peopled was also stable at 18.715M. Austria had the lowest rate with 4.3% unemployment, while Greece (26.8% in October) and Spain (26.1%) had the highest. Youth unemployment was 24%. (PR)
Comments (2)
  • User 353732
    , contributor
    Comments (4787) | Send Message
     
    Where coerced misallocation of resources and class warfare is greatest, unemployment is the highest.

     

    The most cruel consequences are for young adults whose human capital is eroding by the month--- which means their global competitiveness and lifecycle earnings are deteriorating rapidly.
    For the Euro-Periphery a lost generation is now certain.
    1 Feb 2013, 05:26 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I feel sorry for the youth.....I too wonder what they will be like in 10 years....and what they will think like in 10 years....will they think its their fault...or someone elses?
    1 Feb 2013, 06:53 AM Reply Like
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