Economics Weekly by Lloyds TSB

Unemployment remains high in all of the advanced economies and in some is still rising. Almost a year into the economic recovery, unemployment in the eurozone rose to 10.1% in July 2010. High unemployment – a symptom of the debt crisis

Unemployment remains high in all of the advanced economies and in some is still rising. Almost a year into the economic recovery, unemployment in the eurozone rose to 10.1% in July 2010. It seems that recovery from the recent recession has not had the expected impact on unemployment levels. Still, it is well known that unemployment lags the economic cycle. So are the trends we are seeing in unemployment that different from previous recessions? We explore that issue in this Weekly.

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