European Unemployment Over 12 Percent

January 8, 2014 Share Print 0

The number of people out of work in the euro zone was 19.241 million, 4,000 more than in the previous month, the European Union’s statistics office Eurostat said.

Unemployment was lowest in Austria, at 4.8 percent, and Germany, at 5.2 percent, while the highest rates of joblessness were in Greece, at 27.4 percent, and Spain at 26.7 percent.

The number of people out of work in Europe has been rising since 2011. The European Commission said on Wednesday that in addition to national reforms, the 28-nation EU had to integrate further economically, fiscally and politically to address the problem.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.