Increasing Global Economic Collapse and ‘Distress of Nations’; EU unemployment crisis: Joblessness continues to rise as pandemic hits economy. 15 (5+5+5) million men and women were out of work in June
By JOE BARNES, BRUSSELS CORRESPONDENT PUBLISHED: 12:17, Thu, Jul 30, 2020 | UPDATED: 12:18, Thu, Jul 30, 2020 Express.co.uk
The number of people unemployment has continued to jump with millions of people out of work despite most member states easing their coronavirus lockdown measures. Eurostat, the EU’s statistics office, has claimed more than 15 million men and women were out of work in June, a 0.1 percent jump from the previous month. The official unemployment rate across the bloc was 7.1 percent, but in its 19-member single currency area the rate was 7.8 percent.
A total of 12.7 million people were unemployed in the eurozone last month, an increase of 203,000 from May.
The unemployment rate for women in the EU for the month of June was 7.5 percent, with men slighlty lower on 6.7 percent.
And youth unemployment continues to blight the EU with more than 2.9 million under 25s out of work, 2.4 million of whom were in the euro area.
In June 2020, the youth unemployment rate was 16.8 percent in the EU and 17 percent in the Eurozone.
The month-on-month increase is much higher, with a jump of 0.6 percent in the EU and 0.5 percent in the eurozone.
Europe is facing its deepest recession since the end of World War 2.
According to the latest figures released by the Office for National Statistics, UK unemployment is currently at 3.9 percent.
But a think-tank has warned that number could increase to 10 percent when the Government ends its furlough scheme
The National Institute for Economic and Social Research has warned unemployment would rise above three million, its highest rate since the early 1990s.
Garry Young, the think-tank’s deputy director, said: “The planned closure of the furlough seems to be a mistake, motivated by an understandable desire to limit spending.
“The scheme was intended by the chancellor to be a bridge through the crisis and there is a risk that it is coming to an end prematurely.
“The scheme has been an undeniable success in terms of keeping furloughed employees attached to their jobs.”
Eurostat uses the International Labour Organisation definition of the unemployed as people who have been actively seeking work in the last four weeks and are available to start in the next two.
Eurostat said: “At the same time, a significant part of those who had registered in unemployment agencies were no longer actively looking for a job, e.g. limited by the confinement measures or no longer available for work, for instance, if they had to take care of their children during the lockdown.
“This leads to discrepancies in the number of registered unemployed and those measured as unemployed according to the ILO definition.”
Meanwhile, the European Commission’s ESI consumer confidence estimate has continued to improve after hitting a historic low in April.
The so-called Economic Sentiment Indicator fell to 54.8 points in April and has now recovered to 82.3 percent in the Eurozone.
Before the pandemic exploded across the Continent, the figure usually sits stable at around 100.
In His Service,
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.
Categories: Economic Collapse