Meanwhile, Spain's Unemployment Rate Jumped To 22.9%


The U.S. got some good news from this morning from the BLS, who told us that American business added 200k nonfarm payrolls and the unemployment rate fell to 8.5%.

Sure, 8.5% is still high.  But it's nowhere near the 22.9% rate in Spain.  This is according to Eurostat based on data through November 2011.  Across the euroarea, the unemployment rate was at 10.3% in November. 

Here's a country by country breakdown of Europe's unemployment rates.  At the left, that's Austria with a 4% unemployment rate.

chart

chart

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