Chart of the Day: European Unemployment Hits New Record

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Eurostat announced today that unemployment in the euro area reached a record 12.1 percent in April. That’s not spread evenly, of course: unemployment was a mere 5.4 percent in Germany and a whopping 27 percent in Spain and Greece. Nor was it spread evenly across generations. Youth unemployment reached a staggering 24 percent overall, and was over 50 percent in Greece and Spain.

Let me repeat that: in Greece and Spain, more than half of those under age 25 didn’t have jobs. This is pretty plainly a recipe for disaster.

In other news, Eurostat also announced that inflation in the euro area had dropped from 2.6 percent a year ago to 1.2 percent in April. So I guess austerity is working. It sure has kept inflation from spiraling out of control, anyway.

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate