Los Angeles Business Journal

Jobless Rate Hits Another High in Europe

Tuesday, July 31, 2012

Unemployment in the 17 countries that share the euro hit another record high in June, which is likely to further weaken consumer spending and add pressure on the European Central Bank's governing council to take action at its monthly meeting on Thursday. The Wall Street Journal reports that the figures give grim evidence of how the euro-zone crisis is affecting ordinary people and the wider economy.