Eurozone Unemployment Hits Another High

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

Unemployment in the Eurozone continued it’s rise hitting 11.7% in October, more than a percentage point higher than last October.

The total of the unemployed in the zone has reached 18.7 million.

Several Eurozone members also saw increases including Spain climbing .4% to 26.2% (with over 50% of those 18-25 unemployed) and Italy up .3% to 11.1%. Portgual leapt to 16.3%.

The European Central Bank president related a statement warning that the euro would not have a chance to end the current crisis until the last half of 2013.

In addition, Germany and France’s growth has weakened with just a .2% increase in October. However, retail sales in Germany fell 2.8% in October and that shocked analysts who expected the sales to hold steady or slowly grow.

EU leaders used the news to push for a “banking union.”

Leave a Reply

To have your avatar appear when commenting, please signup for the Gravatar service. Your email address will not be published.

 characters available

To have your avatar appear when commenting, please signup for the Gravatar service.