The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

PARIS (AFP) – The unemployment rate in the hard-hit eurozone is expected to reach a record 12.3 percent at the end of 2014, the OECD forecast on Tuesday, with young people the hardest hit.

In its annual Employment Outlook, the Organisation for Economic Cooperation and Development — which counts 34 advanced and emerging countries as members — also revealed big disparities between countries in the zone.

Jobless rates in Germany, for instance, are set to fall under 5.0 percent by end 2014 while they will be around 28.0 percent in Spain and Greece.

“Across the OECD, more than 48 million persons are unemployed, almost 16 million more than at the start of the crisis,” it said in its report, referring to the onset of the global financial crisis in 2007.

It added that encouraging signs of a recovery in employment growth in the United States had been offset by a return of recession in the eurozone.

And while unemployment is set to fall in Germany by the end of 2014, it will remain flat or rise in the rest of Europe.

Young people are and will continue to be particularly hard hit in many European countries, the report said, with youth jobless rates currently exceeding 60 percent in Greece, 55 percent in Spain and around 40 percent in Italy and Portugal, it added.


Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jimmy Kimmel Mocks Kellyanne Conway's New Book

Image via YouTube

Returning to his late-night show after another COVID hiatus, Jimmy Kimmel mocked the release of Kellyanne Conway's new book. Pointing out that she writes almost as well as she tells the truth, Kimmel played a clip of Conway reading from Here’s The Deal: A Memoir --- and concluding with an “amen” for her own words.

“Yeah, ‘amen,‘” he chortled. “I don’t think you’re allowed to end your own book with ‘amen.’”

Keep reading... Show less

Dr. Mehmet Oz

(Reuters) - Senate candidate David McCormick has filed a lawsuit in a Pennsylvania court to compel counties to count undated mail-in ballots in his primary race against TV personality Dr. Mehmet Oz, whom he trails by less than 1,000 votes.

The race between McCormick, a former hedge fund executive, and Oz, who was endorsed by former President Donald Trump, for the Republican Party nomination is close enough to trigger an automatic recount under Pennsylvania state law.

Keep reading... Show less
{{ }}