Wednesday, January 8, 2014

Eurozone Unemployment Remains 12.1 Percent

So much for a recovery in the Eurozone.  The numbers released this morning for November of 2013 show that unemployment has not budged in the Eurozone throughout 2013 (things are so bad there that even employment data is lagged several months -- in Greece, the numbers are lagged even longer).

As in the US, regulatory overkill has stifled any real chance of a serious economic recovery for Europe.  Investment is still virtually non-existent in the Eurozone, which is also the case in the US.  Businesses are not optimistic, not hiring, and the economy is going nowhere -- both in Europe and in the US.

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