Growth in Europe vs US – It’s getting worse

Economic growth in Europe came in at zero in the second quarter of 2014. That’s better than being in recession. But it’s not the growth that Europe — with its huge unemployment rate of 12 percent, or roughly 19,130,000 people out of work — needs.

The eurozone (below in blue) has been in a depression since the financial crisis. That’s because in terms of gross domestic product, the eurozone has not risen back to its pre-financial crisis levels. The U.S. (below in red) on the other hand has gotten out of its slump, and continues to grow at a decent clip:

Chosen excerpts by Job Market Monitor. Read the whole story at  Europe is in an epic depression — and it’s getting worse – The Week.