Home Business news Eurozone unemployment hits joint record low despite recession fears – business live

Eurozone unemployment hits joint record low despite recession fears – business live

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Rolling coverage of the latest economic and financial news, as eurozone jobless rate slips back to record low of 6.4%

Today’s eurozone unemployment data underscore why the European Central Bank has no plans to start cutting interest rates any time soon, says Bloomberg, adding:

Even amid the mild downturn, employers are struggling find staff, pushing wages higher and creating upside risks for inflation.

Continue reading…Rolling coverage of the latest economic and financial news, as eurozone jobless rate slips back to record low of 6.4%Today’s eurozone unemployment data underscore why the European Central Bank has no plans to start cutting interest rates any time soon, says Bloomberg, adding:Even amid the mild downturn, employers are struggling find staff, pushing wages higher and creating upside risks for inflation. Continue reading…