{"id":263,"date":"2008-11-28T11:58:20","date_gmt":"2008-11-28T11:58:20","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/?p=263"},"modified":"2008-11-28T11:58:20","modified_gmt":"2008-11-28T11:58:20","slug":"eurozone-unemployment-up-to-77","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2008\/11\/28\/eurozone-unemployment-up-to-77\/","title":{"rendered":"Eurozone unemployment up to 7.7%"},"content":{"rendered":"<p class=\"first\"><strong>The unemployment rate in the eurozone has risen to 7.7%, the highest level for two years, as the economic slowdown starts to take effect.<\/strong><\/p>\n<p>The figure for October, released by the EU&#8217;s statistics office, Eurostat, is up from 7.3% one year ago.<\/p>\n<p>The lowest unemployment level among the 15 nations that use the euro was 2.5% in the Netherlands. The highest level was 12.8% in Spain.<\/p>\n<p>Eurostat also said inflation for the eurozone fell to 2.1% in November. <!-- E SF --><\/p>\n<p>Inflation in the eurozone was 3.2% in October, and November&#8217;s drop was due to falls in the price of food and energy.<\/p>\n<p><strong>EU unemployment<\/strong><\/p>\n<p>The unemployment rate for all 27 nations of the EU was 7.1% for November, compared with 6.9% a year earlier.<\/p>\n<p>In the US the unemployment rate was 6.5% in October and was 4% in Japan.<\/p>\n<p>Howard Archer, at IHS Global Insight, said that falling prices and rising unemployment means there was a &#8220;compelling case&#8221; for a one percentage point cut in eurozone interest rates when the European Central Bank meets next week.<\/p>\n<p>Most analysts expect a cut of half a percentage point from the current level of 3.25%. <!-- E BO --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The unemployment rate in the eurozone has risen to 7.7%, the highest level for two years, as the economic slowdown<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[14,49],"tags":[],"class_list":["post-263","post","type-post","status-publish","format-standard","hentry","category-eurozone","category-unemployment"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=263"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/263\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}