Record low for euro jobless rate

Maximus Zeebra · 03-31-07, 04:18 PM

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?

RightOfCenter · 03-31-07, 10:27 PM

Quote:

Originally Posted by Maximus Zeebra

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?

8.4% from 8.5% isn't very good...

CaptainCourtesy · 04-01-07, 04:44 AM

Quote:

Originally Posted by Maximus Zeebra

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?

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.

Hatuey · 04-01-07, 05:02 AM

Quote:

Originally Posted by CaptainCourtesy

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.

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.

CaptainCourtesy · 04-01-07, 05:32 AM

Quote:

Originally Posted by Hatuey

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.

BTW, US unemployment rate: 4.5%

U.S. Unemployment Rate: SA, Percent
Unemployment News Release
Current Population Survey Home Page

Red_Dave · 04-01-07, 10:06 AM

Quote:

Originally Posted by Maximus Zeebra

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?

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.

Gardener · 04-01-07, 10:38 AM

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?

Maximus Zeebra · 04-01-07, 10:44 AM

Quote:

Originally Posted by RightOfCenter

8.4% from 8.5% isn't very good...

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%.

Maximus Zeebra · 04-01-07, 10:46 AM

Quote:

Originally Posted by CaptainCourtesy

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.

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.

Maximus Zeebra · 04-01-07, 10:46 AM

Quote:

Originally Posted by Hatuey

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.

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.