Monday, July 01, 2013

Fortunately We Have A Plan for That

Austerity!

LONDON (AP) — Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed Monday.

Eurostat, the EU's statistics office, said the eurozone's unemployment rate rose 0.1 percentage point in May to 12.1 percent. April's unemployment rate was initially estimated to be 12.2 percent, but it was revised down to 12.0 percent thanks to new data, particularly from France.

I suppose it's only a new record because they took away the old record, but things aren't getting better.