Colosseum a.s. (Colosseum a.s.)
Macroeconomics  |  March 01, 2013 14:16:28

Unemployment rate in the euro area is an all-time high (1 March 2013)



ColosseumEuropean Statistical Office said that the unemployment rate in the euro area in January rose to all-time high 11.9% from the previous 11.8%. The problem is mainly the growth rates of youth unemployment to 24.2%. Views of other months is not favorable. Due prehlbujúcej the recession is expected to further deterioration of the state of the European labor market. The region has also fallen and inflation is currently at 1.8%, which is slightly below the ECB's medium-term objective at 2%.

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