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The article discusses the increasing level of unemployment in Spain hitting record levels. Currently around 5.7 million Spanish are out of work. Traditionally this number decreased during the second quarter of the year during the tourist season however this year unemployment rose to 24.6% during that time. 53% of the unemployed are under 25. This may have great effects in the future once Spain's economy recovers. The younger generation will want to take over jobs of the older generation. However due to the lack of training they may not have the skills required. The amount of jobs has decreased so much that almost half of the unemployed have been out of work for more than a year. This is largely due to a cut in government, regional and municipal spending that has decreased the number of workers in the public sector by 5% in the past year. Because the number of unemployed is so high and is constantly increasing the government had to cut their unemployment benefits leaving only around 40% in certain areas receiving unemployment benefits. The reason causing the high unemployment is the recession that Spain is currently in. In the future crime rates may increase in Spain as many households have no income and are losing their unemployment benefits from the government. 

Unemployment is the condition of someone of working age (16-64) who is willing and able to work, actively seeking employment, but unable to find a job. The unemployment rate is the percentage of the total force in a nation that is unemployed. This article lists unemployment rates in various states of India, compares unemployment rates in rural and urban areas and also provides unemployment of women compared to men. The differences are extreme. India had a nation-wide unemployment rate of 3.8% (for June 2012) while the rate is as high as 17.9% in Goa. The lowest unemployment rate is in Gujarat at 1%. There are also large differences between male and female unemployment in India. While male unemployment stands at 2.9% female is at 6.9%. If we focus on a specific state in India, the female unemployment rate was highest in Goa at 46.2%. The unemployment rate is also very different between rural and urban areas. The article only provides figures for females. 28% of females were unemployed in rural areas compared to 17.9% in urban areas on a national level. The highest female unemployment rate in urban areas is in Sikkim at 51.1%. - Julieta Fischer

According to this article, Germany's unemployment had increased for a fifth month in august. The unemployment rate is currently at 6.8%. This increase in unemployment was a consequence of the European debt crisis, which had severely decreased demand for exports, causing companies to hold back on investments.  These two factors have therefore decreased both aggregate demand (net exports decrease) and aggregate supply (decrease in investments). Therefore fewer jobs are required as less output is being demanded. This is shown by the numerous job cuts which have occurred throughout Germany. "Siemens AG (SIE) said on Aug. 27 it will cut 500 jobs at its German factories making industrial gear boxes and clutches by 2016, citing slack demand".   However, the article states that the unemployment rate is still the lowest it has been for the past two decades, and meanwhile wages are rising. This increase in wages is boosting consumer spending, therefore causing an increase in aggregate demand, which should eventually allow for aggregate supply to increase, and therefore increasing the need for workers.  Moreover, although unemployment has risen in Germany, it still does not yet compare to the 8.2% unemployment of the US, the 10.8% in Italy, and the euro-area average of 11.2%. 

This article discusses the severe rising level of unemployment in Greece. Unemployment rates rose to approximately 24.4% this summer and 55% of young people aged 14 to 24 are unemployed. The reasons behind this high unemployment are that a high percentage of the Greek workforce is employed by the government (about 25%) and these employees receive large unreported subsidies and bonuses. Also, Greece suffers from a large amount of tax evasion, causing it to struggle to pay the high number of government workers. Consequently, Greece had to cut 100,000 government jobs, causing unemployment to rise. Unemployment was high in the first place because of the deep recession which started in 2007. The high unemployment in Greece has further knock on effects on its economy, particularly if the majority of those unemployed are of the younger generation. A young workforce with no jobs means that once the older generation retires, the younger generation will want to take over their jobs but they will not have the experience to do so. Also, they will lose incentive to work hard as they are used to not having jobs. 

1/4th of the labor force in Greece was being employed by the Greek government. However the government borrowed a lot of money and that means that the government workforce will end up decreasing dramatically sooner or later, and that happened.  Their economy has shrunk around 20% since 2008. The article also told us that 'Moody's Analytics predicts that the Greek economy won't start growin gagain until 2015, at the earliest". That is bad for Greece because it will take very long and be very hard for it to become a stable and strong economy again. 

The article describes how unemployment in Argentina has dropped below 7% for the first time in a long time. The decreased unemployment is due to an increase in the country's exports and an increase in national aggregate demand. Both of these things would cause an increase in aggregate supply, which in result would increase the aggregate supply of labor, causing the unemployment rate to decrease. However, this is only seen as a short term change, as the export are expected to decrease due to the economic crisis in Europe, and the increasing movement of production to china, and the growing competition from Chinese produced goods, because of the cheaper prices. This would cause aggregate demand in Argentina to decrease, which would cause a response from the short run aggregate supply, in the form or a decrease. This would again cause the aggregate supply of labor to fall back down again, resulting in the unemployment rate rising again.

Unemployment is Greece has reached its highest point, 23.1% from only 8% before the economic crisis two years ago. 672,000 out of 800,000 registered unemployed people are not receiving any unemployment benefits and therefore have no income at all. This means there is a huge number of people who are not able purchase goods and services so the overall consumption is decreasing. Unemployment is costing Greece about five billion per year. Minimum wages have also been cut by 23% which are increasing the costs for the government.  This had led to an $81 billion decrease in consumption and the shutting down of thousands of businesses which means the aggregate demand curve has shifted to the left, decreasing consumption in the country. The economy in Greece has shrunk by 7%, meaning it is in recession. 

Germany's unemployment rates have been rising as firms are dropping their demand for labor. In many cases, firms are not firing workers, but they are also not hiring new workers, which causes an increase in unemployment rates as the labor force increases. Although Germany's unemployment remains low (5.4%) compared to other members of the European Union, the rise in unemployment rates is worrying as it could lead to a fall in aggregate demand and lead to recession. Right now, Germany is still growing at a rate of over 1% per year, which is why the higher unemployment rates are considered seasonal, as mentioned in the article. However, if people start losing jobs and there is no labor demand in the long-run, this could trigger a recession and a permanent cyclical unemployment.

This article talks about the rise in the unemployment rate in France. Unemployment occurs when someone of working age who is willing and able to work and is looking for work is unable to find a job. The unemployment rate is that percentage of the total labor force in a country that is in this situation. This article states that unemployment in France has reached a 13-year high at 10.2%. There have been 3 consecutive quarters of zero growth. Youth unemployment has also risen with the unemployment rate amongst 15 to 24 year-olds now 22.7%. One of the possible solutions for the situation is to wait until the market fixes itself. Pressure on prices of factors of production is decreased due to the smaller number of workers present. Eventually, firms should start buying more factors of production, increasing the country's Real GDP. Since output will then have been increased, more workers will be needed and employment should rise. However, several large French companies have recently announced plans to lay off more workers. This shows that the natural process of getting output back to where it was before the recession is not occurring. France's government has therefore offered a solution: launching a scheme to create 150,000 state-subsidized jobs for young people.

The unemployment rate in Scotland has increased to 8.2 percent within the last three months. It is now worse than the UK unemployment rate, which is at about 8.1 percent.In order to fix the problem, the government has now decided to step in, in order to achieve economic growth and get people back into work. The government wants to do this by simplifying the business environment and reform the tax system for companies in order to help them create more jobs. By decreasing the costs of production, the government wants the SRAS curve to shift to the right and therefor increase aggregate supply. If costs of producing are lower, firms will higher more workers, which will result in less unemployment according to theory. 

This article discusses how Australia's unemployment rate fell unexpectedly. Unemployment decreased to 5.1% from 5.2% in July in a time in which a Bloomberg survey of 23 economists predicted it to increase to 5.3%. The reason given for this is that the labor participation rate slumped to lowest level in more than five years, a sign workers looking for jobs have exited the labor force. Unemployment had been expected to rise - although the economy grew by about 4% on the back of a strong resource industry, a stronger currency and slower global growth led to job reductions at companies including Ford and Qantas. Employment in the states of Victoria and South Australia dropped 14,800 and 9,000 respectively, but increased by 6,900 in Western Australia and 5,800 in Queensland which are centers of the resource industry.

The article is about the stabilization of unemployment rate of Italy which is currently around 10.7 percent, however the youth unemployment rate in Italy is around 35.3 percent which has increased from 33.6 percent of last year. The unemployment has mostly been caused by the business cycle in Italy which is currently in a recession

As can be seen, there has been a drop in unemployment in the UK, falling to 2.58 million people and is shown visually on the graph. There has been a drastic change in the unemployment of 16 to 24 year olds, which will have positive outcomes in the long-run. With less young people being unemployed, they are gaining on vital years of learning that they would have previously missed out on if they had not been employed. In order to gain experience and be better workers in the future, they would need to be employed as soon as possible, and with this happening it will affect the workforce later on as they have developed useful skills to benefit their work.  Once older workers have retired, there will now be people to fill the roles of these workers. With the Olympic Games providing the boost to the economy that is greatly needed, employment is starting to rise again; however, there is the worry that this will only have an impact in the short-run, with there being temporary jobs for the unemployed that will soon no longer be needed. If this happens there could be a rise followed by a sudden drop in employment, so there is a question of whether it will benefit the unemployed at all.

Ireland's high current unemployment rate of 14.9 percent is a result from its economic situation : Ireland is in a recession. The article clearly stipulates this, there is a 'recession in the real domestic economy'. The recession arose from the housing bubble : mortgages were cheap, people overborrowed and then the high housing prices fell so that people were less wealthy and no longer able to pay their mortgages. Wealth is a determinant of AD. It is the added value of all assets or stocks. If wealth or perceived wealth increases, then so will a household's consumption of goods, thereby shifting demand, as the household feels 'wealthier' or able to purchase more. The reverse is also the case, when wealth declines, demand declines, such as in Ireland. The Irish were much less willing to consume goods, as they believed they were less wealthy or had less money( which they eventually did , upon having to pay mortgages; debt), and so consumption decreased, which thus shifted aggregate demand into a demand slide recession. This is a situation where prices in a nation inflate and output decreases, due to the lesser demand. If less is being produced, less factors of production are required. Thus labor, a major factor of production is no longer required in the economy, which gives firms the incentive to lay off many of their workers. This is the unemployment Ireland is experiencing. It is interesting that the article also depicts the  'austerity drive'  that the Irish government resulted to in the recession.  As it correctly suggests, this is 'self defeating', as during a demand slide recession the Keynesian policy follows that the government should not save its funding, but rather spend. In a time of recession, the government should spend,  so as to decrease unemployment stimulate the economy. If the government spends, this will have a multiplier effect through the economy, as it provides income to households ( by spending, the government employs labor), where househo

The article discusses how the unemployment rate in Turkey increases unlike any other EU country. In March the Employment rate went from 10.8 percent in the previous year to 9.9 percent. The number of rural employment was 6.4 percent and the urban employment 11.6 percent. The total number of unemployment decreased 2.6 million and the number of employed people rose to 23.8 million. According to a Turkish economist, Gulay Elif Girgin, in future the unemployment rate will continue to rise and he does not anticipate any unexpected decreases.

Luxembourg's Prime Minister Jean-Claude Junker is defending the newly released budget bill, in place for 2013. The bill set in place plans to invest more money into the consolidation package, in place to consolidate Luxembourg's budget. A 1.8% increase in government spending, in relation to the budget set in 2012, is put forth to remove any divergence from the country's stability and growth. Juncker stressed that although the recent financial crisis which has caused a recession in Luxembourg over the past 4 years, the bill will insure that Luxembourg's deficit will be lower in 2013 than 2009. Juncker says that in 2013, Luxembourg's deficit will be at 4.3%.  Juncker says the reason Luxembourg has come into deficit is the investment of 200 million Euros into Luxembourg's employment fund. Furthermore, the increase of unemployment isn't beneficial to the countries current financial situation.  He does not plan to raise VAT, as some countries in the EU such as the Netherlands have recently done to fill part of their deficit. This would only harm economic recovery and affect the country's low-income earners.  Juncker's ultimate goal is to make Luxembourg debt free by 2014. The minister promised that the government would try their very best to achieve this goal, while still being aware that the economic development of Luxembourg remains "extremely fragile".

The author is defending the single number UE rate as a measure of an economy's well being. His core point, some countries don't encourage working to the same degree as the US. In other words, some countries policies instead encourage people to stay home (and care chldren, for example). Thus, the labor force participation rate for such a country (Germany, in this case) is lower. So, in this sense, to know if the economy is doing well, the UE, as measured against the labor force, is a better single measure.

The global rise in food prices, caused by a drought in the US, has increased Brazil's inflation, along with the government trying to put a stop to the currency gains. Due to bad weather conditions, the tomato industry has been affected, and has lead to an increase in the price of tomatoes. With global prices on the rise, there is less want to import goods, but with inflation in Brazil, high food prices all around is hurting its economy. Currency gains are also having a negative affect which is hurting industrial competitiveness. Consumers are finding it difficult to cope with rising food prices and in the short run will mean that a lot of their earnings are being spent on necessities and not spending on luxuries. Low unemployment is pushing up wages, and with interest rates being cut, people will most likely try and save their money.