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.