Employment-Population Ratio in 2012
Employment-Population Ratio opened 2012 at 58.40% and closed at 58.70%, a +0.51% move for the year. The high of 58.80% was reached on October 1, and the low of 58.40% on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 58.40% | 58.40% | 58.40% | 58.40% | +0.00% |
| Feb | 58.50% | 58.50% | 58.50% | 58.50% | +0.00% |
| Mar | 58.50% | 58.50% | 58.50% | 58.50% | +0.00% |
| Apr | 58.40% | 58.40% | 58.40% | 58.40% | +0.00% |
| May | 58.50% | 58.50% | 58.50% | 58.50% | +0.00% |
| Jun | 58.60% | 58.60% | 58.60% | 58.60% | +0.00% |
| Jul | 58.50% | 58.50% | 58.50% | 58.50% | +0.00% |
| Aug | 58.40% | 58.40% | 58.40% | 58.40% | +0.00% |
| Sep | 58.70% | 58.70% | 58.70% | 58.70% | +0.00% |
| Oct | 58.80% | 58.80% | 58.80% | 58.80% | +0.00% |
| Nov | 58.70% | 58.70% | 58.70% | 58.70% | +0.00% |
| Dec | 58.70% | 58.70% | 58.70% | 58.70% | +0.00% |
Events During 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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