The Greek people, did not have to wait for the European Commission to tell them what we already know. Real unemployment is higher than what is recorded on paper, just like in the United States. The report says that 20% of households, are living off of 60% of the average median income in the country. The reality is in fact much worse, it is certain that more than 1/5 are below the poverty line. Young... 

Greek workers march in protest during a day of general strike in Athens on July 16, 2013. Tens of thousands of Greek public sector workers have staged a new day of protest ahead of a parliamentary vote that would facilitate the layoff of thousands of workers. The Wednesday protest gathered municipal workers and mayors in Athens just before lawmakers sit to vote a bill that will put 4,200 civil servants... 

At one time, it seems decades ago now, the general thinking in the USA was that President Barack Obama would jolt the American political system into actually doing something beneficial for its citizens rather than spying on them, building F-35 aircraft, upgrading nuclear weapons, spending trillions of dollars (US) on national security, cutting unemployment benefits/food stamps, fomenting war with... 

Italy’s economy shrinks more than previously estimated in the first quarter of 2013. Italy’s economy has contracted more than initially estimated in the first quarter of 2013, marking the seventh quarterly contraction in a row, the country’s statistical agency says. Figures from the national statistical agency, Istat, showed on Monday that Italy’s gross domestic product (GDP) shrank by... 

South African President Jacob Zuma addresses striking miners at a platinum mine in the town of Marikana. South African President Jacob Zuma says problems including strikes and deadly clashes faced by the mining industry have affected the country’s economy. “When our mining sector is in difficulties, this affects the wider economy, leading to industrial slowdown,” Zuma said on Thursday. Reports... 

An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people reached a record high of 3.26 million in April. The ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy increased by 39,800 last month, marking the 24th consecutive monthly... 

Young Spaniards protesting against the government in Madrid. European leaders have warned that youth unemployment in the European Union (EU) must be tackled urgently, as nearly one in four young people in the bloc is out of work. At a conference in Paris on Tuesday, ministers from France, Italy and Germany said if the issue is not addressed at once, the young people in Europe will lose faith in their... 

Rise: A man walks outside a Greek Manpower Employment Organisation office,in central Athens. Greek youth unemployment rose above 60 percent for the first time in February Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout. Greece’s jobless... 

An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people in France increased by 36,900 in March, reaching 3.224 million for the first time since 1997. The French ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy surged by 1.2... 

Spaniards stand in line outside an unemployment office in Madrid. The Spanish Labor Ministry says the number of people who are officially registered as unemployed in Spain has surpassed a record five million. The ministry released the data on Monday, also announcing that the number of the people who registered for unemployment benefits increased by 59,444 or 1.2 percent in February, compared to a month... 

Did you know that the percentage of the U.S. labor force that is employed has continually been falling since 2006 according to the Bureau of Labor Statistics? Did you know that the increase in the number of Americans “not in the labor force” during Barack Obama’s first four years in the White House was more than three times greater than the increase in the number of Americans “not in the labor... 

In 2012, full-time union members had a median weekly salary of USD 943, with their non-union counterparts earning only USD 742. A new report shows that American labor unions have experienced their worst decline in membership in nearly 80 years, mainly due to losses of public sector workers. The Bureau of Labor Statistics said on Wednesday that the union membership rate fell from 11.8 to 11.3 percent... 

Greek Prime Minister Antonis Samaras arrives at the Finance and Development Ministry in Athens for a meeting with the Development minister, January 9, 2013. New official data show that Greece’s unemployment rate increased to 26.8 percent in October as the eurozone country witnesses a sixth year of recession. “Unemployment in October 2012 was 26.8 percent, compared with 19.7 percent in October... 

Eurozone jobless rate hits new record at 11.8 percent in November 2012. Official data show the unemployment rate in the eurozone has hit a new record in November, 2012, as the 17-nation bloc continues to grapple with worsening financial crisis. According to official figures, the jobless rate for November reached 11.8 percent, up from 11.7 percent in October. November comes as the eurozone’s 19th... 

Spaniards protest against austerity measures in the capital Madrid, December 17, 2012. A jobless Spanish man has died at a hospital after setting himself on fire, only two days after another Spaniard self-immolated on social and economic grounds. The 63-year-old man, who suffered from financial problems, died in the Carlos Haya hospital in the southern city of Malaga on Friday. Police officials issued...