Eurozone Recovery Eludes 19 Million Unemployed
While the Eurozone is finally showing signs of recovery, unemployment lags behind. In November, the unemployment rate was unchanged from its record high for the eighth consecutive month. Thus, this remains a jobless recovery, but as the recovery continues, there is hope that jobs will follow.
ECRI’s latest analysis examines the Eurozone’s unemployment rate outlook, providing insight into whether the jobless rate is peaking and is set to improve.