When even socialist countries are creating jobs...

You have to be impressed when even socialist countries are creating jobs. The world economy must be so good that even these governments can't mess it up or they have reformed quite a bit more successfully than previously thought.

" The jobless rate in the 13-nation euro area declined for a seventh month, dropping to 7 percent from 7.1 percent in April, Eurostat, the European Union's Luxembourg-based statistics office, said today. Producer prices rose 0.3 percent in May after gaining 0.4 percent in April, according to a separate report. "

Considering the EURO isn't exactly helping, these numbers are all the more impressive.

Source: Euro-Area Unemployment Rate Declined to Record in May (http://www.bloomberg.com/apps/news?pid=20601068&sid=a2j3C3.kqiBY&refer=economy)