S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Eurozone Unemployment Holds At 10.3% For November

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Eurostate reports that the number of unemployed in the euro zone increased 45,000 in November to 16.372 million. That leaves the unemployment level at 10.3%, well above the level in the US

Economists continue to believe that since most of the employment trouble is in the weakest economies of Spain and Greece, that they will fall into deep recession. Austerity plans will rob these nations of whatever economic stimulus that might have put in place in the past

According to the data

Eurostat estimates that 23.674 million men and women in the EU27, of whom 16.372 million were in the euro area, were unemployed in November 2011. Compared with October 2011, the number of persons unemployed increased by 55 000 in the EU27 and by 45 000 in the euro area. Compared with November 2010, unemployment rose by 723 000 in the EU27 and by 587 000 in the euro area.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

How Much Do You Really Need in Treasury Bonds to Replace a $50,000 Salary With Interest
Drew Wood |

How Much Do You Really Need in Treasury Bonds to Replace a $50,000 Salary With Interest
Fed’s Rate Freeze Could Sting for Social Security Recipients
Maurie Backman |

Fed’s Rate Freeze Could Sting for Social Security Recipients

Continue Reading

Douglas A. McIntyre |

Euro Area Unemployment Reaches 10.4%–Eurostat

Eurostat, the official statistics bureau of the EU, reports that euro area unemployment reach 10.4%–an all-time high. The EU 27…
Trey Thoelcke |

Eurozone Unemployment Rises in August

The unemployment level in the euro area (EA17) rose to 11.4% in August, which matched July’s number. The jobless figure…
Douglas A. McIntyre |

What’s Important in the Financial World (10/1/2012)

European Unemployment in August The unemployment level in the euro area (EA17) rose to 11.4% in August, which matched July’s…
Douglas A. McIntyre |

European Unemployment Rises Again

ThinkstockEuro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs.…
Douglas A. McIntyre |

Record High European Unemployment — Eurostat

ThinkstockEurostat reported that unemployment in 17-nation euro area continues to hover at 12%. It is worth remembering that, at the…
Douglas A. McIntyre |

What Is Important in the Financial World (4/2/2013)

ThinkstockHigh European Unemployment Eurostat reported that unemployment in 17-nation euro area continues to hover at 12%. It is worth remembering…
Douglas A. McIntyre |

European Industrial Production Continues to Dwindle

ThinkstockFactory output across Europe continued to collapse in November, which will cause economists to extend the period during which they…
Douglas A. McIntyre |

What’s Important in the Financial World (3/1/2013)

ThinkstockEuropean Unemployment Rises Euro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused…
Trey Thoelcke |

Unemployment in the EU Is Still Rising

Eurostat reports that unemployment in the euro area has risen again: The euro area (EA17) seasonally-adjusted unemployment rate was 11.7%…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618