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University of Wisconsin–Madison
Poverty-related issues in the news, from the Institute for Research on Poverty

Euro Zone Unemployment

Eurozone’s record unemployment of 11.3 percent in July shows tough task ahead for leaders, Associated Press, August 31, 2012, Washington Post: “The unemployment rate across the 17 countries that use the euro remained at a record high of 11.3 percent in July, official figures showed Friday, underscoring the huge task leaders face to restore confidence in the continent’s economy. The European Union’s statistical agency, Eurostat, said 88,000 more people were without a job in July – for a total of 18 million – as governments and companies continued to trim payrolls to deal with problems of high debt and weak consumer spending…”