Thursday, March 1, 2012
Eurostat has the latest numbers for European unemployment through January:
They continue to worsen with overall Euro area unemployment now at 10.7% and no sign of relief yet in the trend.
It's interesting to contrast the situation in the Eurozone with that in the US:
Europe had higher unemployment before the great recession*, but they almost equalized during it. Now the US is is slowly and fitfully improving while the Eurozone is worsening again.
* Note that differences in measurement and especially benefit regimes make the absolute number comparisons rather approximate. Comparison of the trends is certainly meaningful however.