Eurostat: Real unemployment double than the official rate

Gender distribution in selected labour categories, age 15-74, EU-28, 2012 (Eurostat graph) Eurostat, the EU statistical service, revealed that the true unemployment rate in Eurozone during the third quarter of 2013 was much higher than the ‘officially’ recognised percentage of 11.5%, according to the definition of UN’s International Labour Organisation. Including the three forms of […]

Eurozone: A Sluggish economy offers no extra jobs

Eurostat, the EU statistical service, released yesterday some mixed data on Eurozone economic prospects. For one thing, euro area (EA17) unemployment rate was reported at 12.1% in November 2013, stubbornly stable at this high level since last April. The EU28 unemployment rate was 10.9%, stable since last May. However, retail sales marked a good upturn […]