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Euro-Zone Unemployment Strikes Record
Wall Street Journal ^ | October 31, 2012 | BY ALEX BRITTAIN

Posted on 10/31/2012 6:50:35 AM PDT by Oldeconomybuyer

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.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: euro; failure; socialism

1 posted on 10/31/2012 6:50:44 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
Euro-Zone Unemployment Strikes Record

If we had honest figures from the 0bama Bureau of Labor Statistics, the US would probably be in the same neighborhood.

2 posted on 10/31/2012 7:25:35 AM PDT by The Sons of Liberty ( For AMERICA's sake: Vote for the Mormon, NOT the muslim; The Capitalist, NOT the Communist! FUBO!)
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To: Oldeconomybuyer
Remember when liberal elites would tell us how sophisticated the Europeans were compared to us? How THEY were soooo superior to us and were 'citizens of the world'?

Our liberal elites are quiet about that now...nothing like total failure to shut them up..

3 posted on 10/31/2012 10:25:56 AM PDT by GOPJ ( http://www.youtube.com/watch?v=zbOuxqK2T34)
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To: Oldeconomybuyer
Okay until the last paragraph. A quarter of Spain now unemployed
4 posted on 10/31/2012 4:04:45 PM PDT by Oatka (This is America. Assimilate or evaporate.)
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