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Friday, May 31, 2013

Eurozone Unemployment Hits 12.2%

Eurostat reports that the rate of unemployment in the Eurozone hit 12.2% in April 2013, up from 12.1% in March. This compares very unfavourably with the levels of unemployment in the UK (7.7%) and the USA (7.5%).

The level of youth unemployment in certain countries is particularly shocking, the highest being in Greece (62.5% in February 2013), Spain (56.4%), Portugal (42.5%) and Italy (40.5%).

As I have said before, this level of unemployment is not sustainable and is a threat to democracy.

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