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The PJ Tatler

Stephen Green


July 1, 2013 - 4:30 am

Nobody is talking “funemployment” on the other side of the Atlantic:

The percentage of those out of work in the euro zone was 12.1% in the month, up from 12% in April and a marked drop from the 11.3% recorded in May last year, according to EuroStat, which released the figures on Monday. The highest rates in the 17-country euro-zone were in Spain and Greece, with jobless rates of 26.9% and 26.8% respectively. Across the wider 27-member EU, unemployment was stable compared with April, at 10.9%, but down from 10.4% a year ago.

We’re about one more bubble-pop away from similar number, which is something to keep in mind as the Fed continues to prop up housing prices.

Stephen Green began blogging at in early 2002, and has served as PJMedia's Denver editor since 2008. He's one of the hosts on PJTV, and one-third of PJTV's Trifecta team with Scott Ott and Bill Whittle. Steve lives with his wife and sons in the hills and woods of Monument, Colorado, where he enjoys the occasional lovely adult beverage.

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Some people predict that economic failure in the US will be long and gradual, uhm that isn't always the case. Support structures moan and creak as they bend and distort, faint twanging sounds are heard as wires in stressed cables snap, then all of a sudden it's "Look out Below". Rapid communications giveth but surely they taketh also.
1 year ago
1 year ago Link To Comment
"We’re about one more bubble-pop away from similar number..." Or member state(s) financial crisis, etc.

There but for the Grace of G-d go we!
1 year ago
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