Friday, November 29, 2013

EU Unemployment

Throwaway culture': Euro area youth unemployment soars amid 3-year overall low

Euro zone unemployment fell for the first time in three years in October to 12.1 percent, but youth unemployment hits another record-high, with nearly 6 million people between 18 and 25 with no work.
A total of 19.3 million people across the euro area were jobless in October, with the unemployment rate going slightly down to 12.1 percent from September's 12.2 percent, the European Union statistics office said in preliminary data Friday. 
Unemployment for the 28-nation euro zone stands at 10.9 percent, unchanged from September, with 26.654 million people out of work.


You watch.  The Happitalkers™  and lame street media will latch onto the 12.2% to 12.1% "decline."  Same thing happened here.  People are not being employed they are being thrown off the back of the bus. 


Rob Dawg said...

Bill at CR reported the good news. ZH reported the bad news. I don't know what to think of me siding with ZH.

TJandTheBear said...

Hope for the best (CR), prepare for the worst (ZH). I fear too many are missing the latter message.

TJandTheBear said...

Speaking of "happy talk", lots of it in the media about this glorious retail extravaganza.

In my less optimistic moments I can't help but think people are fighting over deals in WalMart simply because they cannot afford otherwise.

Rob Dawg said...

I bought:
A leather purse (no, not a murse) for $40.
A USB 3.0 128Gb for $50.
A Z77 mobo for $80.
An 24 color acrylic paint set for $10.
A deluxe X-acto set for $12.

sm_landlord said...

I worked on network wiring. Punched down two patch bays at my mom's place. Digital phones, security cams, and wireless will be up tomorrow.

Rob Dawg said...

I like to get the wireless up first so I can access tech docs on all the rest.