Economy & Politics


  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts

    Despite Surging Job Cuts, Initial Jobless Claims Tumble Back Near 42 Year Lows
    NATO Threatens To Send In Troops After Russia Stations ‘Battalion’ In Syria
    Caught On Tape: Russian Warships Launch 26 Cruise Missiles At ISIS Targets
    Rubio’s Old Ideas For New Gig Economy
    Beyond India’s Beef With Beef
    Ackman’s Latest Wager: Bloomberg For President
    This $15 Billion Deal Shows How Tough Times Are For Chinese VC
    Hillary Clinton Opposes Trans-Pacific Partnership Trade Pact
    We’ve Lost 508 Million Pounds Of Oyster Meat In The Wake Of The 2010 BP Oil Spill
    Thought The TPP Was A Big Deal? China’s Rival Free Trade Pact Covers Half The World’s Population
    Trump Is Not Only Campaigning For President, But Also Against Scottish Wind Farms
    Ben Carson Tax Plan: ‘It’s Time To Bring The Money Back Home’
    Jobless Claims Fall To Near A 42-year Low
    U.S. Retail Group Sees Holiday Sales Growth Slowing This Year
    Equity Rally Stalls As German Data Casts Cloud Over Global Growth

    Eurozone Unemployment Abysmal

    Some American economic experts have lamented that Congressional fumbling has put the United States on the same economic track as the eurozone. If that is the case, things are only going to get worse. The 17-country European economy reported a record jobless rate of 11.8 percent this week.

    Eurostat, the European Union’s data office, reported record high jobless rates of 11.8 percent in November, up from 11.7 percent the previous month for countries in the eurozone. The entire 27-country EU’s jobless rate is at 10.7 percent.

    The people affected most by high unemployment in eurozone countries are 15- to 25-year-olds, for whom the overall jobless rate is 24.4 percent. In Greece youth unemployment is about 58 percent, and in Spain about 57 percent of youths are unemployed.

    Economic experts say, however, that the high unemployment levels could be misleading as a massive underground economy has emerged in many eurozone countries. In Greece, Italy, Spain and a few other EU countries, workers have taken to working jobs under the table to avoid high taxes implemented to aid the economy.

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    Smaller U.S. Businesses Fear Freeze From EU Privacy Ruling
    Russian Warships Launch Missile Attack On Syrian Targets, Clearing Way For Iranian Ground Invasion
    Free Trade Is No Longer A No-Brainer
    Abenomics Is Working
    Europe Could Learn From Russia’s Google Ruling
    Sons And Gun Lovers
    U.S. To Toyota: How Come ISIS Drives So Many Of Your Trucks?
    Market Turbulence: A Worrying Set Of Signals
    Moody’s Maintains U.S. Credit Rating And Stable Outlook
    This Is How Close U.S. And Russian Jets Are To A Dog Fight Above Syria
    Q3 GDP To Slide After 16% Surge In August Trade Deficit; Imports Jump As Exports Drop
    Syria Ground War Imminent? U.S. Accuses Russia Of Launching Syrian Land Campaign
    Role Reversal In The New Cold War
    The Enigma Behind America’s Freak, 20-year Lobster Boom
    Ethiopia’s Prime Minister Has Been Re-elected With 100% Of The Vote
    Is The Gun Lobby’s Power Overstated?
    U.S. Trade Deficit Widens As Exports Sag, Imports From China Surge
    The Supreme Court’s Next Landmark Cases
    Can Republicans Regain Control Of Their Party?
    Welcome To The Future: Downward Mobility & Social Depression
    Investor Confidence Collapses As PMIs Plunge Across EU
    Emerging Market Meltdown May Plunge Global Economy Into Recession
    Saudis Mull Launch Of Regional War As Russia Pounds Targets In Syria For Fourth Day
    Russia Claims ISIS Now On The Ropes
    Economy Emerges As Key Market Flashpoint
    America’s Richest (and Poorest) School Districts
    Ben Carson Net Worth: Paid Speeches And Public Appearances
    Why Income Inequality Isn’t Being Solved
    Middle Market Mergers And Acquisitions — Should We Be Concerned?
    Is Space Warfare Inevitable?
    Read more from Economy & Politics...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.