European Unemployment Reaches Rock Bottom
This just in…if you thought the job outlook here wasn’t too peachy, wait til you hear what’s going on in Europe.
According to The Associated Press, unemployment in 17 EU countries which use the euro increased to 11.8 percent in November.
Since the union was founded in 1999 this rate is at an all-time high; the number of jobless equates to 18.8 million.
Data was released today by the EU’s statistics agency and unemployment increased only .1 percentage point in October but increased by 1.2
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