Just as the UK has recently reported good news on the unemployment front, it has been reported that unemployment in the Eurozone has increased to 15.8 million, 10% in December 2009. This is the unemployment rate for the 16 countries that use the Euro; across all 27 countries of the European Union unemployment stands at 23 million.
It seems that we will continue to see that upward trend so where do you not want to be in Europe?
Avoid Latvia. Can you believe that the unemployment rate there stands at 22.8%? Yes, that's right nearly a quarter of the active population are unemployed. Latvia is in the European Union but does not use the Euro. Spain, which does use the Euro currency scores badly as well at a rate of 19.5%.
The Netherlands at 4% and Austria at 5.4% seem to be the lands of the fortunate reporting the lowest figures.
(c) Iain Williamson 29.1.10
It seems that we will continue to see that upward trend so where do you not want to be in Europe?
Avoid Latvia. Can you believe that the unemployment rate there stands at 22.8%? Yes, that's right nearly a quarter of the active population are unemployed. Latvia is in the European Union but does not use the Euro. Spain, which does use the Euro currency scores badly as well at a rate of 19.5%.
The Netherlands at 4% and Austria at 5.4% seem to be the lands of the fortunate reporting the lowest figures.
(c) Iain Williamson 29.1.10
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