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Eurozone unemployment
Summary
3 April 2012
Unemployment in countries which use the Euro – the Eurozone - has increased according to new official figures. Over 17 million people, or 10.8 per cent of the workforce1 were unemployed2 in February.
Reporter
Andrew Walker
Report
The new figures from the European Union's statistical3 agency show the Eurozone's persistent4 economic problems. Aggressive action by the European Central Bank - in the shape of a trillion Euro of three-year loans to the financial institutions - has certainly brought relative calm to the markets.
But parts of the wider economy are still struggling. The number of unemployed across the Eurozone is nearly one and a half million higher than a year ago.
There remains5 a striking divergence6 between the region's struggling countries and the more successful ones. Unemployment is below six per cent in Austria, the Netherlands and Germany, but over 20 per cent in Spain and Greece. In both the latter countries, the unemployment rate for young people is over 50 per cent.
A separate private-sector survey of managers in industry points to a continued decline in manufacturing production. That adds to evidence suggesting the Eurozone economy as a whole may have contracted in the first quarter of the year, as it did at the end of 2011. If that does turn out to be the case it would be a recession.
1 workforce | |
n.劳动大军,劳动力 | |
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2 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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3 statistical | |
adj.统计的,统计学的 | |
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4 persistent | |
adj.坚持不懈的,执意的;持续的 | |
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5 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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6 divergence | |
n.分歧,岔开 | |
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