Colorado’s unemployment rate dropped slightly in December, ticking down from 7.7 to 7.6 percent. At the same time, officials with the state Department of Labor and Employment say Colorado lost 2,500 private sector jobs.
In Badalona, Spain, people waited outside an employment office last summer.
Credit Albert Gea / Reuters /Landov
In the European Union, unemployment rates in the region that uses the euro currency are at their highest ever, as a returned recession, falling income levels and persistent debt concerns trouble the region's economy, as its latest statistics show.
After nearly five years of economic crises, the European Union is also seeing more divergence between its member nations, particularly in the north, where economies have resilience, as opposed to the south, where unemployment rates are an average of more than 7 points higher.