Wednesday, November 30, 2011

Euro Zone unemployment hits all time high - BUT Germany is Booming

One report from the WSJ is linked here, from which comes the following quotes:

Some 16.294 million people in the euro zone were unemployed in October, a figure never equalled since records for all 17 nations were first compiled in January 1995. That is equivalent to 10.3% of the currency bloc's workforce—the highest percentage since June 1998.

But strong numbers from Germany on employment, retail sales and machine orders suggested a two-speed Europe is emerging as the region's biggest economy accelerates away from its more troubled peers.



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