Euro jobless rate climbs to 7.5 percent in August

[WriteDown]

Source: AP

BRUSSELS, Belgium (AP) -- The jobless rate in the 15 nations that share the euro rose to 7.5 percent in August as worries over European economic growth deepened, the European Union's statistics agency said Wednesday.

That adds pressure on the European Central Bank to signal Thursday that it is ready to lower interest rates to stoke a slowing economy and halt growing unemployment.

The yearly jobless rate was 7.4 percent in July, rising steadily from a record low of 7.1 percent in December 2007.

Euro-zone economic confidence is at its lowest level in seven years as consumers freeze spending, worried about job security and rising fuel and food prices. Companies are seeing lower exports and tight credit conditions from a global financial crisis....

Read more: http://biz.yahoo.com/ap/081001/eu_eu_unemployment.html

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The whole world is hurting.

[RUMMYisFROSTED]

1. Chimp goes global. Next the Universe!

[WriteDown]

2. Spain is at 11%?!?!??!

Wow, still trying to wrap my mind around that.

[MidwestTransplant]

3. Our number is released on Fri. Europe will show huge losses in September too.

[JonQ]

4. That's for august

well before the whole mess we have now started. I wonder what it will get up to for november/october.

[xchrom]

5. recommend