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UNEMPLOYMENT DROPS IN TURKEY AND SOARS IN EUROPE

  • NewArticle
  • Published:03 Nisan 2012, Salı
  • Updated:03 Nisan 2012, Salı

While figures in Turkey continue to regress, in a variety of nations in Europe a number of firms have had to make employees redundant in order to contend with the crisis which has brought the unemployment level in the region to the highest it has been in 14 years.

rates for February in the reached 10.8 percent, which is the highest figure in history. According to figures from the European Union's statistics commission Eurostat, the unemployment rate a year ago in the 17-member Euro Zone was at the ten percentile rate.

As of February, Spain has the highest rate of unemployment in the EU at 23.6 percent, followed by Greece at 21 percent (at the end of 2011), Portugal's unemployment rate was at 15 percent, while Ireland's unemployment rate was at 14.7 percent. Meanwhile, rate dropped 1.6 points year-on-year to 9.8 percent in December 2011, the data revealed.