Non-DOOM - Eurozone unemployment rate falls to 9.1%

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original PM replied

31 July 2017, 10:57
Originally posted by scooterscot View Post

:Oh no. EU failure imminent. Or perhaps it is the BBC being unpatriotic. Maybe it's FAKE news.

Inflation rising too it seems. Will be interesting if/when the ECB puts up interest rates, EU/GBP exchange rates will hit UK exports to the tune of £340m a week

source: Eurozone unemployment rate falls to 9.1% - BBC News

The second highest country from an unemployment perspective and whose economy is mainly based on tourism sees a drop in unemployment during the tourist season?
Leave a comment:
BrilloPad replied

31 July 2017, 10:39
Originally posted by PurpleGorilla View Post

Great news indeed. What's not to like about EU unemployment falling?

Indeed. The Eurocrats will have something to go too when they are booted out.
Leave a comment:
PurpleGorilla replied

31 July 2017, 10:33
Great news indeed. What's not to like about EU unemployment falling?
Leave a comment:
scooterscot started a topic Non-DOOM - Eurozone unemployment rate falls to 9.1%

31 July 2017, 10:16
Non-DOOM - Eurozone unemployment rate falls to 9.1%

:Oh no. EU failure imminent. Or perhaps it is the BBC being unpatriotic. Maybe it's FAKE news.

Inflation rising too it seems. Will be interesting if/when the ECB puts up interest rates, EU/GBP exchange rates will hit UK exports to the tune of £340m a week

The unemployment rate in the eurozone has fallen to its lowest since February 2009, according to the latest official figures.

The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May.

Separately, inflation remained unchanged in July at 1.3%, according to a preliminary estimate from Eurostat, the European Union's statistics office.

However, core inflation, which excludes unprocessed food and energy prices, rose to 1.3% from 1.2% in June.

Inflation in the 19-nation bloc still remains well below the European Central Bank's target of close to, but below, 2%.

Unemployment fell in all 19 eurozone member countries except Estonia.

The lowest unemployment rates in June 2017 were in Germany at 3.8% and Malta at 4.1%.

Greece has the highest rate of unemployment in the eurozone at 21.7%, although those figures refer to April. There were no new figures recorded for Greece in June.

The country with the second highest unemployment rate is Spain, which saw unemployment rate fall from 19.9% in June 2016 to 17.1% last month.

source: Eurozone unemployment rate falls to 9.1% - BBC News
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