Eurozone hit harder by economic crisis than US

2 replies · 1,513 views · Started 01 March 2009

firebug 01 Mar 2009, 21:22

http://news.bbc.co.uk/2/hi/business/7914460.stm

Unemployment across the nations that share the euro has risen again to its highest level in more than two years, as more firms laid off staff.
The eurozone unemployment rate totalled 8.2% in January, according to the latest official European Union data.

Interesting stuff. Looks like the unemployment rate in Europe is about 8.2%, while in the US it's only 7.6%. Not bad, considering that during the height of the Great Depression the US hit 21.7%.

Pryme8 02 Mar 2009, 04:47

nobody cares about Europe...

whats unemployment rate in China?

that is a must know... soon they will take over the world

Cloral 02 Mar 2009, 17:39

This doesn't really surprise me. Europe doesn't have nearly as many natural resources as the US does for the population. People in the midwest are still farming, and making a pretty decent profit at it.