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Message Subject >>>> MARKETS vs. TIMEWAVE ZERO
Poster Handle Wubbo Ockels
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Euro-Area Unemployment Rises to RECORD as Recession Bites!!

The euro-area jobless rate rose to a record in October as the fiscal crisis and tougher austerity measures deepened the region’s economic woes. Unemployment in the 17-nation single-currency bloc increased to 11.7 percent from 11.6 percent in September, the European Union’s statistics office in Luxembourg said today. That’s the highest since the data series started in 1995 and is in line with the median estimate of 34 economists in a Bloomberg News survey. Inflation eased to 2.2 percent in November, the slowest rate in almost two years, separate data showed. The euro-area economy has shrunk for two ...
FULL STORY: [link to www.bloomberg.com]


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