Jul 01

- Spain Celebrates The “End Of The Recession” With 54% Youth Unemployment, Highest Since January (ZeroHedge, July 1, 2014):

When we were greeted by the latest batch of optimistic Spanish data this morning, such as the following:

we thought, we would see some actual “end of recession” signals when it came to the underlying economy, like for example: jobs actually being created. Alas no. According to the just released European employment data for May, total Spain unemployment remained unchanged in May at 25.1%, while youth unemployment has actually risen to 54.0% – the highest since January!

Spain youth May

That’s ok though: aside from the facts, once is welcome to “believe” whatever headlines one wants to believe.

And speaking of “recovery”, here is what unemployment across Europe looked like as of May.

Europe May Jobs

Source: Eurostat

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One Response to “Spain Celebrates The “End Of The Recession” With 54% Youth Unemployment, Highest Since January”

  1. squodgy Says:

    The more I read the more I understand why the jew run MSM and banksters tried to ridicule the writings of the late Richard Douthwaite, who rightly questioned the need for this holy grail called “GROWTH”.

    He was right. A modest profit should be split between re-investment and remuneration.

    The demand for growth has been indoctrinated into our collective psyche as ‘good’, but it isn’t because it feeds a desire for MORE instead of feeding the desire fore CONTENTMENT.

    Growth is a spectre, designed by banksters to fund banksters. A new, logical standard should be set

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