Unemployment Rate: Video

Video Dept: Video: Is Europe era of austerity really over? Video, according to Globe and Mail. Spain these days is very clearly a bust rather than a boom economy. The economy has been in recession, more or less, for something like five years. The official unemployment rate was 26 per cent during the final quarter of 2012, and the youth unemployment rate was more like 55 per cent. To cap off the misery, the inflation rate is a relatively high 2.3 per cent. The standard of living in the country, accordingly, has been falling quickly. So it is not surprising that those who can are streaming out of the country in search of better prospects and Video: Spain jobless rate soars to 27.2 per cent Workers and trade union representatives from all over Europe demonstrate against austerity outside the European Commission headquarters in Brussels on Feb. 29, 2012. Demonstrations took place in several capitals around Europe urging EU leaders in summit on Thursday and Friday to focus more on growth than spending cuts. YVES HERMAN/REUTERS Video Video: Austerity to be hotly debated at G20 (www.immigrantscanada.com). As reported in the news.