Samstag, 30. Oktober 2010

EU unemployment at record high 10.1%: data (AFP)

BRUSSELS (AFP) ? European unemployment hit a record 10.1 percent in September, the EU said on Friday, also logging a rise in inflation across the eurozone to 1.9 percent.

EU data agency Eurostat's flash estimate for annual eurozone inflation is expected to be 1.9 percent in October, a rise from 1.8 percent in September.

The seasonally-adjusted unemployment rate for the 16 countries that share the euro moved up from 10 percent, maintaining its slow but painful rise over the past 12 months and underlining the lagging nature of recession's impact on job markets.

That meant just under 16 million men and women across the eurozone out of work, the numbers rising by 67,000 in the euro countries month-on-month and some 424,000 on an annual basis.

Spain remains the worst affected, with a rate of 20.8 percent, while the lowest rates were found in the Netherlands, at 4.4 percent, and Austria, 4.5 percent.

Germany recorded a big fall from 7.6 percent to 6.7 percent compared to last year.

For the 27-nation EU as a whole, the rate was unchanged at 9.6 percent.

In the United States, the unemployment rate was 9.6 percent in September. Japan last posted 5.1 percent for August.

Although inflation rose to a 23-month high, London-based IHS Global Insight analyst Howard Archer said consumer price inflation "is unlikely to be of serious concern" to the European Central Bank.



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Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20101029/bs_afp/eueconomyunemploymentinflation

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