Showing posts with label Unemployment levels. Show all posts
Showing posts with label Unemployment levels. Show all posts
2/26/19
EUROZONE: MCKINSEY report notes that unemployment in Eurozone drops to a ten year low
Notable in this month’s release of McKinsey’s Global Economics Intelligence
(GEI) report is the unemployment rate in the euro area of 7.9 percent
for November 2018, the lowest level since 2008. The seasonally adjusted
index, maintained by Eurostat, held steady in December.1
Joblessness has fallen by more than one-third sincSeptember 2013,
when the index was at 12 percent. The improvement has been slow but
steady since that time—a point regarded as the nadir of Europe’s
recession within a recession in the early 2010s. And in the wider
European Union (EU-28), which includes high-employment countries such as
Hungary, Poland, and the United Kingdom, the unemployment rate is even
lower, at 6.6 percent, the lowest EU reading since recording began in
January 2000.
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