Unemployment Matters More Than GDP Or Inflation
The 2008 - 2012 global recessions that roam the world caused global economic decline that start in the December 2007. The event was commented by Paul Krugman (Winner of Nobel Memorial Prize in Economics) as seemingly the beginning of "a second Great Depression" (Krugman, 2009)  . Therefore, there is a certain research value on this event.
The effects of this event on unemployment and inflation rate were covered widely by the media as it is the major concern for all society. In this assignment, "Macroeconomics in the News" the theme of "unemployment and inflation in Euro zone" will be a series of information sharing from news articles that was extracted from the internet.
UNEMPLOYMENT AND INFLATION IN EURO ZONE
ARTICLE NO.1 (Unemployment and Inflation Rise in Euro Zone)
According to David Jolly, unemployment rate in the EU rose to 10.1% in January 2012 from 10.0% in December 2011 putting 24.3 million people out of work. The number is higher than in the United States (8.3%) and Japan (4.6%). The highest unemployment rate in EU nation is Spain 23.3% followed by Greece 19.9%, while the lowest is Austria and The Netherlands with an unemployment rate of 4.0% and 5.0% respectively. On the other hand, Germany suffered only 6.8% of jobless rate which is the lowest the nation has been in years. Ken Wattret, chief euro zone economist at BNP Paribas, said the state of jobless in EU is unlikely to be temporary.
The European Central Bank (ECB) also failed to control the EU inflation which the inflation rate increased from 2.6% in January 2012 to 2.7% in February 2012. The increase of energy prices and real estates are the blame for the inflation said Ben May (economist with Capital Economics). To worsen the case, ECB lends about $1.3 trillion making the money supply to grow rapidly and cause inflation.
ARTICLE NO.2 (Unemployment matters more than GDP or inflation)
According to Mehdi Hasan, the unemployment rate in Euro Zone had risen to a record high of 10.7%. This causes the suicidal rate to increase. There were not many suitable decisions were made to overcome the problem due to the restlessly fiddle over the over borrowing limits, fiscal compacts, and changes of treaty by the EU's leaders.(责任编辑：BUG)