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Record low for euro jobless rate

Maximus Zeebra

Maximus Zeebra

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BBC NEWS | Business | Record low for euro jobless rate

The trend is continuing. It falls by approximately 0.1% every month, this is a trend. So if this continues, unemployment rates in the Eurozone will hit 5% in February 2009. This trend is also seen in the total EU unemployment levels which are also falling at the same rathe but remains slightly higher. I just want to make a few quotes from the article that is important.

"In France, unemployment fell to its lowest rate in 24 years in February, according to government figures.
The jobless rate dropped to 8.4% of the working population, down from 8.5% in January and 9.6% in February last year. "

""Falling unemployment is boosting consumer confidence and spending and proving a much firmer underlay for sustainable growth in the next few years," said Bear Stearn economist David Brown. "

Not only is the consumer confidence index positive like it has been the last years, but all indicators remain positive. Will it be this year or next year the EU gdp growth passes that of the US?
 
Maximus Zeebra said:
BBC NEWS | Business | Record low for euro jobless rate

The trend is continuing. It falls by approximately 0.1% every month, this is a trend. So if this continues, unemployment rates in the Eurozone will hit 5% in February 2009. This trend is also seen in the total EU unemployment levels which are also falling at the same rathe but remains slightly higher. I just want to make a few quotes from the article that is important.

"In France, unemployment fell to its lowest rate in 24 years in February, according to government figures.
The jobless rate dropped to 8.4% of the working population, down from 8.5% in January and 9.6% in February last year. "

""Falling unemployment is boosting consumer confidence and spending and proving a much firmer underlay for sustainable growth in the next few years," said Bear Stearn economist David Brown. "

Not only is the consumer confidence index positive like it has been the last years, but all indicators remain positive. Will it be this year or next year the EU gdp growth passes that of the US?
Click to expand...

8.4% from 8.5% isn't very good...
 
Maximus Zeebra said:
BBC NEWS | Business | Record low for euro jobless rate

The trend is continuing. It falls by approximately 0.1% every month, this is a trend. So if this continues, unemployment rates in the Eurozone will hit 5% in February 2009. This trend is also seen in the total EU unemployment levels which are also falling at the same rathe but remains slightly higher. I just want to make a few quotes from the article that is important.

"In France, unemployment fell to its lowest rate in 24 years in February, according to government figures.
The jobless rate dropped to 8.4% of the working population, down from 8.5% in January and 9.6% in February last year. "

""Falling unemployment is boosting consumer confidence and spending and proving a much firmer underlay for sustainable growth in the next few years," said Bear Stearn economist David Brown. "

Not only is the consumer confidence index positive like it has been the last years, but all indicators remain positive. Will it be this year or next year the EU gdp growth passes that of the US?
Click to expand...

A very interesting article, and debatable topic, but I must question your reason for ending the post with what I placed in bold. Since the article made no mention of the US, I wonder about your agenda, here.
 
CaptainCourtesy said:
A very interesting article, and debatable topic, but I must question your reason for ending the post with what I placed in bold. Since the article made no mention of the US, I wonder about your agenda, here.
Click to expand...

He's trying to prove that Europe is better then the U.S. 8.4% unemployment doesn't sound like something to be too cheery about. Thats like 40-50 million people who are unemployed. Not something to be happy about.
 
Maximus Zeebra said:
BBC NEWS | Business | Record low for euro jobless rate

The trend is continuing. It falls by approximately 0.1% every month, this is a trend. So if this continues, unemployment rates in the Eurozone will hit 5% in February 2009. This trend is also seen in the total EU unemployment levels which are also falling at the same rathe but remains slightly higher. I just want to make a few quotes from the article that is important.

"In France, unemployment fell to its lowest rate in 24 years in February, according to government figures.
The jobless rate dropped to 8.4% of the working population, down from 8.5% in January and 9.6% in February last year. "

""Falling unemployment is boosting consumer confidence and spending and proving a much firmer underlay for sustainable growth in the next few years," said Bear Stearn economist David Brown. "

Not only is the consumer confidence index positive like it has been the last years, but all indicators remain positive. Will it be this year or next year the EU gdp growth passes that of the US?
Click to expand...

I know scores of people that want to work but cant so i remain very sceptical when i see [dam lies and] statistics like this.
 
Considering that there is no western European country with a birth rate high enough to achieve replacement level, at some point this demographic reality will solve any sort of joblessness simply because there will be too few people entering the work force compared to the need for workers.

I would expect joblessness to continue to drop.

Providing for the various entitlements is quite a different matter, however,and this represents the true threat to the European economy. With a shrinking work force and a greying population increasingly in need of services, who is going to pay?
 
CaptainCourtesy said:
A very interesting article, and debatable topic, but I must question your reason for ending the post with what I placed in bold. Since the article made no mention of the US, I wonder about your agenda, here.
Click to expand...

EU GDP growth rate has been lagging that of the US for about 10 years. Now its about to pass. The last line was to people like GuySGT who stil think the EU is stagnating.
 
Hatuey said:
He's trying to prove that Europe is better then the U.S. 8.4% unemployment doesn't sound like something to be too cheery about. Thats like 40-50 million people who are unemployed. Not something to be happy about.
Click to expand...

You didnt evzen read the article. 8.4% is in France. In the Eurozone its 7.3% down from about 10% only a few years ago.
 
Gardener said:
Providing for the various entitlements is quite a different matter, however,and this represents the true threat to the European economy. With a shrinking work force and a greying population increasingly in need of services, who is going to pay?
Click to expand...



Me ;)











........
 
Hatuey said:
He's trying to prove that Europe is better then the U.S. 8.4% unemployment doesn't sound like something to be too cheery about. Thats like 40-50 million people who are unemployed. Not something to be happy about.
Click to expand...

You obviously dont understand the whole point. Besides its 7.3%
 
Maximus Zeebra said:
You obviously dont understand the whole point. Besides its 7.3%
Click to expand...

. <---- This is as close as you ever got to a point.

Wow...1% diffference...that still leaves 35-40 million people without jobs.
 
Red_Dave said:
I know scores of people that want to work but cant so i remain very sceptical when i see [dam lies and] statistics like this.
Click to expand...

Why can't they work?
 
Maximus Zeebra said:
But 8.4 from over 10% 2 years ago is, this number is for France. For Eurozone its down to 7.3% from 7.4%.
Click to expand...

If that was the rate here you'd find the entire congress being voted out of office along with the WH.
 
Red_Dave said:
I know scores of people that want to work but cant so i remain very sceptical when i see [dam lies and] statistics like this.
Click to expand...

Move to America, get OTJT, gain capital, and start your own nich and hire out people to do what you started out doing. Being labor is temporary if you're smart and in the U.S..
 
Trajan Octavian Titus said:
Move to America, get OTJT, gain capital, and start your own nich and hire out people to do what you started out doing. Being labor is temporary if you're smart and in the U.S..
Click to expand...

Eh? Start your own niche?

Besides, what if your not so smart? I take it most of the Americans on this debate site are employers then yes?
 
Stinger said:
Why can't they work?
Click to expand...

Because they are unwilling to take the jobs available. There are plenty of available jobs our there. Some people just dont accept a lower job while trying to find what they really want to do, thus they remain unemployed.
 
Hatuey said:
. <---- This is as close as you ever got to a point.

Wow...1% diffference...that still leaves 35-40 million people without jobs.
Click to expand...

Its 17.2 million people in the EU27 and 11 million people in the Eurozone. Not 35-40 million. There are about 10 million people unemployed in the US for comparison.
 
Stinger said:
If that was the rate here you'd find the entire congress being voted out of office along with the WH.
Click to expand...

Well, in 1990 the US unemployment rate was just below 10%. In 2003 the European unemployment rate was just below 10%, now its down to 7% in just a few years. The trend is positive, unemployment is falling every month. Why would anyone be fired from such positive trends?

US unemployment rates have been increasing slightly the last year and is floating around 4.5%-5%.
 
RightOfCenter said:
I'd assume because they are either unhirable or there are no available jobs. But then again, I'm no economist.
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There are plenty of jobs available in most Eurozone countries, some people just will not accept a lower job. There are plenty of good jobs available as well, but they dont match the unemployed.

These can be people who go fired from a well and good position in for example an automaker, and expect the same pay and benefits in their new jobs. But with their skills, such jobs just arent available to them, and they refuse to take something that is not as good as they had.
 
Trajan Octavian Titus said:
Move to America, get OTJT, gain capital, and start your own nich and hire out people to do what you started out doing. Being labor is temporary if you're smart and in the U.S..
Click to expand...

Temporary in the US? You are aware that certain countries in the Eurozone have the lowest corporate taxes in the world, while others are the most business friendly in the world? Its just a matter of moving your *** across the Eurozone and you find everything you need from a well paid top job, to a low paid crap job or the possibility of opening a business without any money.
Whatever you can do in the US you can also do in the Eurozone.
 
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