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Signs Of A Muted Recovery In Europe

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People queue up outside an unemployment registry office in Madrid, Spain, Tuesday, June 4, 2013. (Daniel Ochoa de Olza/AP)
People queue up outside an unemployment registry office in Madrid, Spain, Tuesday, June 4, 2013. (Daniel Ochoa de Olza/AP)

The number of people without jobs in Europe fell for the first time in more than two years in June, but the overall unemployment rate of 12.1 percent is still a record high.

Among young people in countries like Spain, it's near 60 percent.

But things are much better in Germany, where the jobless rate is just 5 percent. And that means Germany is a destination for people who can't find jobs in countries like Spain and Greece.

Guests

  • Damien McGuinness, correspondent for the BBC in Berlin, Germany.
  • Guy Hedgecoe, correspondent for the BBC in Madrid, Spain. He tweets @Hedgecoe.

This segment aired on August 2, 2013.

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