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

Tag: Europe

Eurozone Unemployment

Eurozone jobless down for first time in 2 years, By Pan Pylas (AP), July 31, 2013, USA Today: “Further evidence emerged Wednesday that the eurozone economy is on the mend after struggling with a recession that’s seen unemployment edge toward the 20 million mark. Figures from Eurostat, the EU’s statistics office, showed that the number of unemployed across the 17 European Union countries that use the euro fell by 24,000 in June to 19.27 million. That’s the first fall since April 2011 and adds to the weight of recent evidence that suggests the recession in the eurozone has — or is about to — come to an end…”

Youth Unemployment – Europe

Euro leaders unite to tackle soaring youth unemployment rates, By Rupert Neate and Graeme Wearden, May 28, 2013, The Guardian: “European leaders yesterday warned that youth unemployment – which stands at up to 59% in some countries – could lead to a continent-wide ‘catastrophe’ and widespread social unrest aimed at member state governments. The French, German and Italian governments yesterday joined together to launch initiatives to ‘rescue an entire generation’ who fear they will never find jobs. More than 7.5m young Europeans aged between 15-24 are not employed or in education or training, according to European Union data. The rate of youth unemployment is more than double that of adults, and more than half of young people in Greece (59%) and Spain (55%) are unemployed…”

Unemployment in Spain and France

Austerity blamed as unemployment soars in Spain and France, By Phillip Inman and Giles Tremlett, April 25, 2013, The Guardian: “Unemployment has soared to records in both France and Spain as the impact of government spending cuts and a collapse in consumer confidence forced employers to shed thousands of workers. Spain’s persistent rise in unemployment reached new heights over the first three month of this year, leaving a record 27% of the workforce jobless…”