The latest unemployment data for Greece is in, and, as suspected, the September unemployment rate exceeded that of Spain in the same month. Also, on Eurostat's front page was an interesting article about the 1.7% month-over-month decline in non-construction industrial production in the Euro Area countries. I suspect that if construction were counted then the overall production index would be lower. Spain has been particularly hard hit by construction unemployment, and so have other countries dealing with the effects of a deflated real-estate bubble.
|Unemployment continues its near exponential run in Greece (data for Greece runs through September, October for all others). Italy's unemployment rate has increased slightlyt while Spain continues past 26%.|