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Author: WendyBG Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 465354  
Subject: Eurozone unemployment rises Date: 3/1/2013 2:10 PM
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http://www.nytimes.com/2013/03/02/business/global/euro-zone-...


Euro Zone Unemployment Rises to Record
By DAVID JOLLY
New York Times: March 1, 2013


PARIS — The unemployment rate in the euro zone edged up in January to a new record, 11.9 percent, official data showed Friday, as the ailing European economy continued to weigh on the job market.

That, and new data showing a decline in inflation in the euro zone, could prompt the European Central Bank to take steps to stimulate the economy when its Governing Council meets this week, analysts said. ...
[end quote]

Different European countries have dramatically different unemployment rates. Austria, at just 4.9 percent, had the lowest rate, while Greece had was 27 percent. Language and cultural differences inhibit labor force migration and equilibration.

That compares with a January unemployment rate of 7.9 percent in the United States. In Japan, 4.2 percent of the work force was counted as unemployed in December.

If the European Central Bank lowers interest rates, the euro will fall against the USD.

http://stockcharts.com/freecharts/candleglance.html?$USD,$XA...

This trend, which began a month ago, would make U.S. exports less competitive in Europe, potentially affecting the profits of exporters.

Wendy
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