Weekend Argus (Saturday Edition) - - BUSINESS -

Un­em­ploy­ment not eas­ing in euro zone

BRUS­SELS: The num­ber of peo­ple with jobs in the euro zone was un­changed for the sec­ond quar­ter up to Septem­ber, show­ing the bloc’s eco­nomic re­cov­ery has not yet fil­tered through to the labour mar­ket.

The un­em­ploy­ment in the € 9.5 tril­lion ( R135.6 tril­lion) econ­omy, rav­aged by four years of fi­nan­cial and eco­nomic cri­sis, re­mains near a record high above 12 per­cent and is ex­pected to ease only grad­u­ally next year as eco­nomic growth slowly picks up.

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