Friday, November 29, 2013

Jobs and price growth offer hope for euro zone

The first fall in euro zone unemployment in almost four years coupled with rising prices gave fresh momentum to an economic recovery, but a growing rift between the bloc's haves and have-nots continued to widen. The improvement is a welcome sign that the euro zone's rebound is picking up steam, more than five years after a financial crisis erupted that forced five countries from Cyprus to Spain to seek emergency aid from their neighbors. The jobless rate in October fell to 12.1 percent, the first fall since February 2011, the European Union's statistics office Eurostat said on Friday.

by via Yahoo! Finance: Top Stories

No comments:

Post a Comment