Thursday 4 July 2013

Unemployment rate on the Euro Zone

According to  Eurostat,  the rate of unemployed still progressed,in May .The rate of unemployment hits 12.2% of the working population of the euro area, against 12.1% a month earlier date. In the twenty-seven EU as twenty-eight counting Croatia, the rate shows 11%. Spain (26.9%), Italy (12.2%) and in Greece (26.8%) this "economic cancer" continues to grow.  France, doesn't escape to this problem, with an unemployment rate 10.8% against 10.9% a month earlier date. The improvement hopes don't change anything. Even if it happen, the improvement of the economy will not result in lower unemployment figures "for a year, at least," calculates Eric Heyer,of the French Observatory . In fact, employment is a variable that adjusts more slowly than others.

Source: Le Monde

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