Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

November 2012

Mass Unemployment – A lost generation

By Tarunkumar Singhal, Raman Jokhakar, Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d
Europe’s financial woes are well known. But its other economic problem—unemployment at mass levels—is underappreciated. Data released on Monday showed unemployment at a “stable” 11.4% in the euro zone. Roughly 18.2 million people were out of work in August.

The highest rate of unemployment is in Spain, with 25.1% of the workforce out of work. What is worse is the figure for those under 25 years of age—52.9% can’t find work.

(Source: The Mint Newspaper dated 02-10-2012)
Download PDF

You May Also Like

Appendicitis: Antibiotics in, surgery out?

Guarantor liability – Co-extensive with that of debtor – Financial institution – Not to act as property dealers: Contract Act 1872, sec. 128: