Unemployment in the eurozone stays high say British experts

Recent action by the European Central Bank (ECB) monetary policy in the field do not affect the rate of unemployment in the euro zone and it will remain with the exception of Germany in the next two years at a high level. Adam Posen, governor of  the british Central – the Bank of England (BoE) informed about that.

“At best, the middle of 2014, most euro area countries´ll constantly face high unemployment,” said Posen

Nevertheless, unemployment in Germany was in the period fall below 5%. In March this year the unemployment rate in Germany, according to seasonally adjusted data of 6.7%. It got to the 20-year low. “The natural rate of unemployment in Germany at around 5% by mid 2014, it should fall under. This could boost inflation, said Posen.

Seasonally adjusted unemployment rate in the euro zone in February rose to 10.8%  from January’s 10.7%  and in the EU increased to 10.2% from 10.1% in the first month of the year. This stems from information published by the EU statistical office Eurostat. Office estimates that in February, the EU has 24.550 million jobless. people. Of this number was 17.134 million. unemployed in the euro zone.

Source: http://www.pravda.sk


3 thoughts on “Unemployment in the eurozone stays high say British experts

  1. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. As defined by the International Labour Organization, unemployed workers are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work.
    For example, the unemployment rate in Slovenia was last reported at 12.1 percent in December of 2011. From 1971 until 2010, Slovenia’s Unemployment Rate averaged 11.62 percent reaching an historical high of 15.50 percent in December of 1993 and a record low of 6.30 percent in September of 2008. The unemployment rate was 12.8% for women and 12.1% for men. Among all of the registered unemployed persons the share of men still remained higher; it was 53.5%.
    According to the Labour Force Survey data the ILO unemployment rate in Slovenia was 8.7% in the fourth quarter of 2011, while the registered unemployment rate for the same period stood at 12.0%.


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