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…”
Tag: Job losses
Euro Zone Unemployment
Unemployment in euro zone reaches a record 12%, By David Jolly, April 2, 2013, New York Times: “While the euro zone has been transfixed lately by the Cyprus meltdown, another and potentially bigger European crisis has continued to simmer: record-high unemployment. Spending cuts and tax increases aimed at trimming debt and addressing the financial crises in bailed-out euro zone countries, and the rising rate of joblessness in much of the currency bloc, ‘are feeding off of each other,’ said Mark Cliffe, chief economist at ING Group. ‘It’s a bit of a vicious circle,’ he said. ‘Europe is pursuing a policy that is self-evidently failing.’ The euro zone jobless rate rose to 12.0 percent in the first two months of the year, the latest in a series of record highs tracing to late 2011, Eurostat, the statistical agency of the European Union, reported Tuesday…”
Euro Zone Unemployment
Euro zone unemployment rises to record, By David Jolly, March 1, 2013, New York Times: “The unemployment rate in the euro zone edged up in January to a new record, official data showed Friday, as the ailing European economy continued to weigh on the job market. That, and new data showing a decline in inflation in the euro zone, could prompt the European Central Bank to take steps to stimulate the economy when its Governing Council meets this week, analysts said…”