March 31, 2010 Reading Time: < 1 minute

“The unemployment rate in the euro area inched up to touch double digits in February, while inflation accelerated more than economists had forecast, probably a result of higher food and oil prices, according to data released Wednesday.

Eurostat, the European Union’s statistics agency, said that seasonally adjusted unemployment in the 16 nations that use the euro rose to 10 percent in February from 9.9 percent in January, the highest rate since August 1998. The figure had been put at 10 percent in November, but it was subsequently revised down to 9.9 percent.” Read more.

“Unemployment and Inflation Inch Up in Europe”
Matthew Saltmarsh
The New York Times, March 31, 2010.

Tom Duncan

Get notified of new articles from Tom Duncan and AIER.

Related Articles – Central Banking, Inflation, International, Sound Banking, Sound Money Project, Unemployment