This tag is associated with 49 posts

Eurozone – Why long-term unemployment is so high

Of the 19m jobless Europeans, more than half have not worked for the last year. And over 15% have not had a job for more than four years. Unsuprisingly, the problem is most severe in southern Europe where a protracted crisis pushed up overall unemployment, and with it long-term joblessness. But in contrast the number … Continue reading

Europe – Unemployment rate stable at 11.6% in May 2014, counting 5.187 million young unemployed

The euro area (EA18) seasonally-adjusted unemployment rate was 11.6% in May 2014, stable compared with April 2014, but down from 12.0% in May 2013. The  EU28 unemployment rate was 10.3% in May 2014, down from 10.4% in April 2014, and from 10.9% in May 2013. These figures are published by Eurostat, the statistical office of … Continue reading

Europe / Employment fell by 0.8% in the euro area and by 0.3% in the EU28 since a year

These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts Continue reading

Europe / Euro area unemployment rate at 12.2%, 24.1% for youth

The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – The Official Release The euro area (EA17) … Continue reading

Eurozone / The recession is over, but youth unemployment hits record 65 pc in Greece

The Euro Zone recession is over but those aged 15 to 24 in Greece remained the hardest-hit as the jobless rate for this age group registered 64.9 percent Continue reading

Europe / Unemployment stable with only Germany and Austria with Youth Unemployment below 10%

The euro area (EA17) seasonally-adjusted unemployment rate was 12.1% in June 2013, stable compared with May. The EU27 unemployment rate was 10.9%, down from 11.0% in May. For youth, the lowest rates were observed in Germany (7.5%) and in Austria (9.3%)
Continue reading

Eurozone jobless rate Gap widening says OECD average

The unemployment landscape in the eurozone worsened slightly in May, diverging further from the overall rate of 8.0 percent in advanced countries, the OECD said on Tuesday Continue reading

Eurozone / Unemployment hits record high

Unemployment across the 17 eurozone states hit an all-time high in May Continue reading

Eurozone in recession for 1.5 years as France double dips

Euro area GDP down by 0.2% and EU27 down by 0.1%  and -1.0% and -0.7% respectively compared with the first quarter of 2012 GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, … Continue reading

Euro Zone / Economy to contract in 2013

The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years. France, Spain, Italy and the Netherlands – four of the five largest euro zone economies – will be in recession … Continue reading

Euro area / Unemployment rate at 11.9% (EU27 at 10.8%)

The euro area (EA17) seasonally-adjusted unemployment rate was 11.9% in January 2013, up from 11.8% in December 2012. The EU271 unemployment rate was 10.8%, up from 10.7% in the previous month. In both zones, rates have risen markedly compared with January 2012, when they were 10.8% and 10.1% respectively. These figures are published by Eurostat, … Continue reading

Euro zone / The economy to shrink again in 2013

The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record joblessness for delaying the recovery. The 17-nation bloc’s economy, which generates nearly a fifth of global output, will shrink 0.3 … Continue reading

Eurozone / Panic-driven austerity: the more intense the austerity, the larger is the subsequent increase in the debt-to-GDP ratios study finds

“How well did this panic-induced austerity work?” “Some will say that this is the price that has to be paid for restoring budgetary orthodoxy. But is this so?” Those are the questions asked by Paul De Grauwe andYuemei Ji in Panic-driven austerity in the Eurozone and its implications. (Quotes to follow) We provide some answers in Figures … Continue reading

Europe recession deepens: very bad news for everybody

The eurozone suffered its third consecutive quarter of decline at the end of 2012 as exports from leading economies Germany and France sank, deepening a regional recession that has driven unemployment to record highs. Gross domestic product in the 17-nation euro area fell by 0.6% in the fourth quarter, leaving the eurozone economy 0.5% smaller … Continue reading

EuroZone / A Great Depression?

The Great Depression was a period of severe economic contraction that lasted many years. In the United States real GDP fell every year from 1929 to 1933, when it reached only 73 percent of its 1929 level. Starting in 1934 the recovery was quite rapid, with GDP reaching its 1929 level in 1936. By contrast … Continue reading

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