Home > Uncategorized > Meanwhile in Europe… Unemployment, december 2011 (graphs)

Meanwhile in Europe… Unemployment, december 2011 (graphs)

from Merijn Knibbe

Update: the January data for German unemployment is already available: the downward trend continues (seasonally adjusted data). Can’t resist to mention that German Thyssen/Krupp yesterday sold its ‘Edelstahl’ (Stainless Steel) division to Finish Outokumpu Oyj, the world’s second largest stainless steel producer, as it was deep in the red.

Total unemployment in Europe hit a new record in december. Differences still increase as unemployment in Germany (and Slovakia and Romania) is still declining while in all other countries unemployment is either stable (often at a high level) or increases (no data on the Baltic countries, though, for the last quarter of 2011). I will continue to publish graph 1 on this blog every month, adding another graph showing other aspects of unemployment. Graph 2 shows long-term unemployment (> 12 months) in some countries. That was not what was supposed to happen, when the Euro was introduced – and up to 2008 everything indeed seemed just fine. Note that Germany did not do too well, up to 2006…

  1. david glover
    February 1, 2012 at 12:17 am

    and what will it look like when the sh*t hits the fan in 3-5 years

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