Thursday, January 09, 2014

Unemployment in Europe Stays High Amid Signs of Recovery --- PARIS — Europe’s labor market remained stagnant in November, but analysts saw reason for hope elsewhere in the economy, including a surge in retail sales. -- The unemployment rate in the euro zone stood at 12.1 percent, a stubbornly high level that has held since April, Eurostat, the European Union’s statistics agency, reported on Wednesday. -- As the sovereign debt crisis seized the region and economic malaise set in, the jobless rose from just under 10 percent in early 2011 to the current record level. The November rate was in line with economists’ expectations. -- For the full European Union, made up of 28 member states, the jobless rate was unchanged at 10.9 percent. Eurostat estimated that 26.6 million people across Europe were unemployed and seeking work, 19,000 more than in October. - More, DAVID JOLLY, NYTimes - at:


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