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Europe isn’t working

Unemployment in the Eurozone hits a new record high.

The seasonally-adjusted unemployment figures show that from March to April 2013 an extra 95,000 people were out of work in the 17 countries that use the euro. This takes the Eurozone unemployment total to 19.38 million.

Compared with April 2012, unemployment in the Eurozone rose by 1.644 million.

Both Greece and Spain have jobless rates above 25%. The lowest unemployment rate is in Austria at 4.9%.

These figures highlight the importance of having a backup plan, if you were to lose your job. Redundancy can strike when you least expect it. Protecting your income is crucially important in today’s economic conditions.

Contact Farrell Financial Planning today to find out how we can help you protect your income.

Farrell Financial Planning are whole of market independent financial advisers. Farrell Financial Planning advise on income protection, life assurance, pensions, investments, auto-enrolment, inheritance tax planning and much more.

All figures correct as at 31/05/13. Source: Eurostat, the statistical office of the European Union.

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