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Thread: Eurozone Unemployment Hits Record High, 2 Speed Europe

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    Eurozone Unemployment Hits Record High, 2 Speed Europe

    today:

    The eurozone unemployment rate was 11.4pc in August, up from 10.2pc last year. Data from the EU statistics agency Eurostat estimated that 25.5m men and women were out of work over the period, 18.2m of whom were in the eurozone.

    The overall unemployment rate in Spain has reached 25.1pc, while the latest data from Greece for June shows a figure of 24.4pc. The outlook is far more optimistic in Germany, however, where just 5.5pc of people are out of work.

    Youth unemployment in the eurozone is stable at 22.8pc, down slightly from 22.9pc during July, but up from 20.7pc year-on-year.

    More than half of those under 25 living in Spain are now unemployed, with a rate of 52.9pc in August. The latest figures from Greece again date back to June, but show that 55.4pc of young people were out of work.

    At the same time as the troubled eurozone states Greece and Spain are seeing youth unemployment rise, Germany has seen a fall from 8.5pc last year to 8.1pc in August.
    Eurozone unemployment hits record high, two-speed Europe - Telegraph

    the guardian: "new manufacturing data showed that europe almost certainly entered recession in the last 3 months"

    Eurozone crisis live: Unemployment hits record high as Troika disputes Greek cuts | guardian

    bbc: BBC News - One in 10 workers has taken time off for depression

    brits, danes and germans lead the way---avg convalescence is 36 work days

    presumably, the just-as-sad citizens of the south are equally dispirited---they just don't have anyplace to call in sick to

    a malaise almost soviet engulfs the continent of bach, goethe, shakespeare

    a keynesian's dream, what went wrong

    the eu collective is the first domino

    california is second...

    saturday: http://www.bloomberg.com/news/2012-0...ress-test.html

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Quote Originally Posted by The Prof View Post
    today:



    Eurozone unemployment hits record high, two-speed Europe - Telegraph

    the guardian: "new manufacturing data showed that europe almost certainly entered recession in the last 3 months"

    Eurozone crisis live: Unemployment hits record high as Troika disputes Greek cuts | guardian

    bbc: BBC News - One in 10 workers has taken time off for depression

    brits, danes and germans lead the way---avg convalescence is 36 work days

    presumably, the just-as-sad citizens of the south are equally dispirited---they just don't have anyplace to call in sick to

    a malaise almost soviet engulfs the continent of bach, goethe, shakespeare

    a keynesian's dream, what went wrong

    the eu collective is the first domino

    california is second...

    saturday: Spain Bank Stress Tests Show Capital Deficit of $76 Billion - Bloomberg
    Given the number of people and businesses fleeing from California, the state might be able to boast of slowing unemployment.

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    ....and there is the recession unrelated to the "fiscal cliff" that is supposed to be hitting us in December. Yeah!

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Given the number of people and businesses fleeing from California
    last week:

    This study describes the great ongoing California exodus, using data from the Census, the Internal Revenue Service, the state’s Department of Finance, the Bureau of Labor Statistics, the Federal Housing Finance Agency, and other sources. We map in detail where in California the migrants come from, and where they go when they leave the state. We then analyze the data to determine the likely causes of California’s decline and the lessons that its decline holds for other states.

    The data show a pattern of movement over the past decade from California mainly to states in the western and southern U.S.: Texas, Nevada, and Arizona, in that order, are the top magnet states. Oregon, Washington, Colorado, Idaho, and Utah follow. Rounding out the top ten are two southern states: Georgia and South Carolina.

    The data also reveal the motives that drive individuals and businesses to leave California. One of these, of course, is work. States with low unemployment rates, such as Texas, are drawing people from California, whose rate is above the national average. Taxation also appears to be a factor, especially as it contributes to the business climate and, in turn, jobs. Most of the destination states favored by Californians have lower taxes. States that have gained the most at California’s expense are rated as having better business climates. The data suggest that many cost drivers—taxes, regulations, the high price of housing and commercial real estate, costly electricity, union power, and high labor costs—are prompting businesses to locate outside California, thus helping to drive the exodus.

    Population change, along with the migration patterns that shape it, are important indicators of fiscal and political health. Migration choices reveal an important truth: some states understand how to get richer, while others seem to have lost the touch. California is a state in the latter group, but it can be put back on track. All it takes is the political will.
    Civic Report 71 | The Great California Exodus: Manhattan Institute

    "all it takes is the political will?"

    sacto has been the depiction of dysfunction for decades

    the white house has been occupied by a punter for 4 years, out here in the golden state it's been that way longer than our kids have been alive

    7 of the 10 top states we're fleeing to are right to work

    tax revenues are down 22%

    California Tax Revenue Plunges 22%

    in april, 2011, lieutenant gub gavin so-good-looking newsom (who survived an affair with a staffer's wife when gavin was mayor of sf) visited rick perry to get some tips on jobs creation

    California Begs Texas for Job-Creating Recipe - Bloomberg

    the lt gov must not have listened

    he should have

    some 40% of net jobs created during the obama "recovery" are in lone star land

    The Lone Star Jobs Surge - WSJ.com

    first greece, then brussels, then sacto, then...

    California's $500-billion pension time bomb - Los Angeles Times

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Quote Originally Posted by The Prof View Post
    last week:



    Civic Report 71 | The Great California Exodus: Manhattan Institute

    "all it takes is the political will?"

    sacto has been the depiction of dysfunction for decades

    the white house has been occupied by a punter for 4 years, out here in the golden state it's been that way longer than our kids have been alive

    7 of the 10 top states we're fleeing to are right to work

    tax revenues are down 22%

    California Tax Revenue Plunges 22%

    in april, 2011, lieutenant gub gavin so-good-looking newsom (who survived an affair with a staffer's wife when gavin was mayor of sf) visited rick perry to get some tips on jobs creation

    California Begs Texas for Job-Creating Recipe - Bloomberg

    the lt gov must not have listened

    he should have

    some 40% of net jobs created during the obama "recovery" are in lone star land

    The Lone Star Jobs Surge - WSJ.com

    first greece, then brussels, then sacto, then...

    California's $500-billion pension time bomb - Los Angeles Times
    I'd like to point out...."Right to Work States" are just getting jobs moved from other states. It's the same amount of jobs just for less pay. Who needs NAFTA to decrease pay for American workers when you have Texas?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Yes, there is no doubt that the slowdown in Europe and Asia is affecting our recovery. Nonetheless, it's clear that Obama's policies are helping to keep our heads above water.

    U.S. Stocks Rise on Better-Than-Forecast Manufacturing - Bloomberg

    Manufacturing in U.S. Expands Unexpectedly as Orders Rise - Bloomberg
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Quote Originally Posted by AdamT View Post
    Yes, there is no doubt that the slowdown in Europe and Asia is affecting our recovery. Nonetheless, it's clear that Obama's policies are helping to keep our heads above water.

    U.S. Stocks Rise on Better-Than-Forecast Manufacturing - Bloomberg

    Manufacturing in U.S. Expands Unexpectedly as Orders Rise - Bloomberg
    Conservative news sources have turned into doom and gloom peddlers. It's why they are flabbergasted that everybody who doesnt' live in their echo chamber are more optimistic over the future.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Quote Originally Posted by joko104 View Post
    Given the number of people and businesses fleeing from California, the state might be able to boast of slowing unemployment.
    Funny, the population is increasing faster than the US average.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
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    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Who needs NAFTA
    newsweek, nov, 2010, one week after tsunami tuesday, the day republicans won the most house seats since 1938, 6 senators, 10 gubs and the most state assemblies in history, most successfully, by the way, in swing states:

    For sheer economic promise, no place beats Texas. Though the Lone Star State’s growth slowed during the recession, it didn’t suffer nearly as dramatically as the rest of the country. Businesses have been flocking to Texas for a generation, and that trend is unlikely to slow soon. Texas now has more Fortune 500 companies—58—than any other state, including longtime corporate powerhouse New York.

    Austin boasted the strongest job growth in NEWSWEEK’s Top 10, both last year and over the decade. Home to the state capital and the ever-expanding University of Texas, the city is arguably the best-positioned of the nation’s emerging tech centers. It enjoys good private-sector growth, both from an expanding roster of homegrown firms and outside companies, including an increasing array of multinationals such as Samsung, Nokia, Siemens, and Fujitsu.

    Yet Austin’s newfound prosperity isn’t simply a product of its university culture or its synergetic collection of technology firms. Its success owes a great deal to simply being in Texas—a state itching to eclipse its historic archrival, the increasingly troubled California. Indeed, Texas is becoming to the Golden State what Arizona, Nevada, and Oregon were in the last decade: a refuge for workers and companies fed up with California’s high unemployment, cost of living, and dysfunctional state government.

    The Texas economy has benefited from widening diversification. Houston has a robust energy business and medical-services industry, and thriving international trade—all long-term growth areas. Dallas enjoys an expanding tech sector and well-developed business-service industries tied to a powerful corporate base. San Antonio has a strong military connection and an expanding manufacturing capacity, and it is a key locale for the growing Latino marketplace. What’s more, Texas offers pro-business policies and relatively low taxes, and the physical infrastructure in the cities is generally as good or better than in many East and West coast metropolitan areas.

    People are voting with their feet. All four Texas cities are enjoying strong immigration from the rest of the country and abroad. Houston and Dallas have higher rates of immigration than Chicago, and if the job picture stays the same, those cities could someday rival New York and Los Angeles in terms of ethnic diversity.
    The Top 10 Places in America Poised for Recovery - Newsweek and The Daily Beast

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    Re: Eurozone Unemployment Hits Record High, 2 Speed Europe

    Conservative news sources have turned into doom and gloom
    LOL!

    the guardian, bbc, bloomberg, and the latimes are conservative?

    what's forex?

    friday: GDP And Durable Goods - Heading To Recession? | Forexpros

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