Friday, July 6, 2012

PIIGS and European Unemployment

The above shows the latest available data for the unemployment rate in the PIIGS countries; these run through May except for Greece where they only go through March.  In general, it appears that Spain and Greece continue to worsen at a healthy clip, but the "lesser PIIGS" are showing some sign of stabilization in recent months, though not actual recovery.

The Europe wide graph looks like this:

Things continue to get worse at a steady pace - no sign of relief in the data yet

All data are from Eurostat.

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