Thursday, 22 March 2012

Jobless in EU

Economic Times ( 09 Jan. 2012 ) reports following figures for unemployment rates in Nov 2011 :
 Austria ……………………………. 4.0 %
 Germany …………………………. 5.5 %
 Czech Rep. ……………………… 6.7 %
 Sweden ……………………………..7.4 %
 Finland ………………………………7.4 %
 UK ……………………………………….8.3 %
 Italy …………………………………. 8.6 %
 France ……………………………… 9.8 %
 Poland …………………………………10.0 %
 Hungary ………………………………10.7 %
 Ireland ………………………………..14.6 %
 Greece ………………………………. 18.8 %
 Spain …………………………………..22.9 %
For citizens of these countries , it would be a small consolation to know that the developing countries in Asia and Africa have been living with 30 % – 40 % unemployment rates for decades
Their “ Unemployment Flu “ has now reached EU !
And there is no vaccine in sight !
With regards
hemen parekh

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