Feb

27

Unemployment not just high here. Others suffering, too

Posted by Dan

February 27, 2009 |

We tend to get a bit isolated here in the United States. We often don’t think of the rest of the world, which is often going through the same problems we are experiencing.

For instance, unemployment. We all know that unemployment levels here in the United States are soaring. Anyone who’s out of work and struggling to find any job will tell you that.

Well, our country is far from alone. According to a report in Bloomberg News, unemployment rates in Europe are on the rise, too. In fact, the uemployment rate in Europe is at a two-year high.

The jobless rate in the European Union is now at 8.2 percent. Europe, the story says, is facing its worst recession since World War II.

This may not make anyone here feel better, but it is important to realize that the United States is not the only country struggling with a weakened economy.


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