Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Unemployment in the Euro zone is at highest ever level
Jun 2, 2012

The prolonged Euro debt crisis has had a debilitating effect over the entire region. Today's chart of the day shows that the Eurozone unemployment has reached its highest ever level since the since the creation of the common currency 13 years ago. Unemployment levels in the 17 member union reached 11% in April, as employers slashed 110,000 jobs. As of now 17.4 m people are without jobs in the eurozone. This is far higher than the 12.7 m who are unemployed in the United States. In the troubled countries of Spain and Greece, these levels are over 20% of the population. Without strong job creation it will be a while before the region comes out of this crisis.

Data source: CNN Money, Economic Times

This Chart Of The Day was published in The 5 Minute WrapUp - A 100% chance for a global recession

Equitymaster requests your view! Post a comment on "Unemployment in the Euro zone is at highest ever level". Click here!


Our Most Popular Charts

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms