Europe isn’t working

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

3 October 2012

The number of people out of work in the 27-state European Union (EU) in August 2012 was 25.5 million – 10.5 % of the labour force.  The percentage of young people without a job was 22.7 %.

The 17 states that form the single-currency Eurozone within the EU performed worse than the EU as whole, with total unemployment in August 2012 at 11.4 per cent and youth unemployment at 22.8 per cent.

The state with the highest percentage of its labour force out of work in August 2012 was Spain with 25.1 %. The percentage of jobless young people was 52.9 %.

The Greeks have not yet got around to counting the number of people out of work in August, so the published figures for Greece relate to June 2012, the latest month for which data are available. In Greece in June 2012 total unemployment stood at 24.4 % with youth unemployment at 55.4 %.

Antigone1984: so much for the good times that the European Union promised to provide for the populations of those states which it hoodwinked into joining!



 You might perhaps care to view some of our earlier posts.  For instance:

1. Why? or How? That is the question(3 Jan 2012)

2. Partitocracy v. Democracy (20 July 2012)

3. The shoddiest possible goods at the highest possible prices(2 Feb 2012)

4. Capitalism in practice  (4 July 2012)

5.Ladder  (21 June 2012)

 6. A tale of two cities (1)  (6 June 2012)

 7. A tale of two cities (2)  (7 June 2012)

 8. Where’s the beef? Ontology and tinned meat(31 Jan 2012)

Every so often we shall change this sample of previously published posts.


This entry was posted in Economics, Europe, Greece, Spain and tagged , . Bookmark the permalink.

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