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Europe Unemployment: Getting Worse And Worse

Today, the unemployment number for Italy was released at 11.1% in October 2012. The number is very big, but the slope at which the unemployment is increasing in Italy is even more concerning. See Chart 1.

It is not getting better in Europe, only worse. Also France and the Netherlands are doing worse and worse.

Our country Belgium is actually doing very well as is Germany.

Chart 1: PIGS Unemployment