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From now, bill. now we re a little bit better off than europe, average unemployment in europe is above 11%. at least we re at 8.2% in this country. but the fact you ve got this prolonged period of unhe will employment both bodes badly for the economy here in the united states. bodes badly for the global economy. the fact as you well know and reported so much bill on this topic, people are actually dropping out of the workforce. they give up. so we don t even count those individuals anymore. bill: if you look at end 2013, that is five or six-year period of economic decline. here is some stunning numbers. we re right around 8.2% but look where spain and greece are. spain sup since april, almost 25%. grease is at 22%. you say this matters because? reporter: because anything that happens overseas, whether it is in europe or the economic situation there or the jobless situation there, whether this is asia we re ....
congratulations. reporter: and as the world realizes this continent s enormous potential, thousands of young americans are making the long haul flight across the pacific to forge their careers halfway around the world. 23-year-old sara greenberg is one of them. a corporate analyst from new york who arrived in hong kong just four months ago. i think the world is heading out in this discretion more and more. and to understand how the markets out here work, where the opportunities are, i think it s a huge advantage going forward and the reason that i ended up deciding to come out here. reporter: while the banks, fund managers and law firms are hiring the majority of international recruits, asia is becoming very attractive to entrepreneurs. being around people who are enthusiastic and eager to start businesses and get involved in business was a real draw for me. reporter: michael tennanbaum ....
Realized he could start his own technology business, something he only dreamed about in the u.s. what we re doing in terms of technology venture would not be possible in the united states. the people we want to hire for our business at trader analytics are based in asia. reporter: part of the attraction of cities in hong kong is asia s extraordinary growth. while the u.s. and europe is still recovering from the financial crisis, china is expecting 9% growth this year. as long as the opportunities are here in the region, americans will keep coming. recruitment agencies says it s seeing a dramatic increase in the number of professionals moving to asia. of its 560 global placements last year, one-third of its clients came to asia, the majority from the u.s. and europe. if you re looking at the post-university outtake as it were, the graduate pool, there s something like 26%, 27% level of ....
These european markets, a number of them down by 0.5% in the first hour and ten minutes of trading. one company we re focusing on is vodafone. it posted full-year net profits. that stock is rising about 1.5%. the reason to are that is because revenues came in ahead of expectations. bp also in the mix. we ll be telling our viewers about that after its planned share swap. they seem to have missed the deadline. those are the things hitting home on the markets. the euro zone debt crisis continuing. we monitor the situation in brussels, andrew. absolutely. that debt crisis still creating ripples in israel as well until greece gets sorted out. there s still a lot left in this story, no doubt. here in asia, the picture you see there, mixed, generally on ....
Business editor. corporate japan may be suffering as we heard. elsewhere in asia, the made more buoyant. coming up, we take a look at what people are doing to go beyond borders to tap the region s rise as well as the opportunities that it presents. and we ll be having more on the scandal surrounding the imf chief dominique strauss-kahn. we ll be taking a look at the man and the candidates getting ready for a shot at his job. all that and more to come on world business today. ....