Euro area unemployment rate at 12.0%

[thenews]

The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 12.0% in February 2013, stable compared with January4. The EU271 unemployment rate was 10.9%, up from 10.8% in the previous month4. In both zones, rates have risen markedly compared with February 2012, when they were 10.9% and 10.2% respectively. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 26.338 million men and women in the EU27, of whom 19.071 million were in the euro area, were unemployed in February 2013. Compared with January 2013, the number of persons unemployed increased by 76 000 in the EU27 and by 33 000 in the euro area. Compared with February 2012, unemployment rose by 1.805 million in the EU27 and by 1.775 million in the euro area.

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[eurofreek]

Yeah, the crisis is over (as they say us) Only the unemployment hits record highs but since it is a record then it is a good news (in their vocabulary) too

[techmac]

They don;t care about it. All they care about is production. At what cost does the production grow is not interesting for them (it is a kind of a tunnel vision, they don't see that if a product can not be bought (people can not buy) production is meaningless)

[eurofreek]

Yeap ... they simply do not care any more

techmac:
They don;t care about it. All they care about is production. At what cost does the production grow is not interesting for them (it is a kind of a tunnel vision, they don't see that if a product can not be bought (people can not buy) production is meaningless)