The eurozone crisis continues as Eurostat, the official data tracking agency of the European Union, released unemployment figures for the month of January. So I thought we’d take a look at various countries and their rates vs. Jan. 2012.
Euro area 17…10.8% [Jan. 2012]…11.9% [Jan. 2013…all-time high]
EU 27…10.1…10.8
Both eurozone and selected EU states…Jan. 2012…Jan. 2013
Austria…4.0…4.9
Belgium…7.1…7.4
Britain…8.3…7.7 [Nov. 2012…Eurostat latest…around 7.9 today]
Denmark…7.4…7.4
France…10.0…10.6
Germany…5.6…5.3
Greece…20.8…27.0 [Nov. 2012…latest data]
Ireland…15.1…14.7
Italy…9.6…11.7
Netherlands…5.0…6.0
Poland…9.9…10.6
Portugal…14.7…17.6
Spain…23.6…26.2
Sweden…7.9…8.0
U.S. …8.3…7.9
Japan…4.5…4.2 [Dec. 2012]
So you can see the pain in the periphery – Greece, Italy, Portugal and Spain – worsens, with also some of the following youth rates (under 25 years of age) for Jan. 2013:
Greece 59.4% [Nov. 2012]
Italy…38.7
Portugal…38.6
Spain…55.5
Just tragic…a lost generation, particularly in the case of Greece and Spain.
Wall Street History will return in two weeks.
Brian Trumbore
