EU’s unemployment

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Latin America to hit half of EU’s unemployment rate

MEXICO CITY | By David Brunat | Latin America is on its way to give a lesson to the European Union in terms of employment. By the end of the year the subcontinent is to hit a 6.2% jobless rate, a record low, according to a shared report issued by the Economic Comission for Latin America and the Caribben (ECLAC) and the International Labour Organization (ILO). The region has already reached a 6.6% rate in the third quarter, while in the EU Spain, Portugal and Greece are approaching a staggering 30%. Latin America’s jobless rate is even lower than that of the United States (7.3%).