Eurozone Jobless Rate, Inflation Remain Unchanged
Numbers out of Eurostat, the statistical office of the European Union, Tuesday indicate that the eurozone’s seasonally adjusted unemployment rate remained at 11.2% in June 2012, unchanged from May’s upwardly revised figure. But that June figure was up from 10.0%…
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Among the member states, the lowest unemployment rates were recorded in Austria (4.5%), the Netherlands (5.1%), Germany and Luxembourg (both 5.4%). The highest rates were in Spain (24.8%) and Greece (22.5% in April 2012). No surprise there. Youth unemployment remains higher than 50% in Spain and Greece.
In comparison, the June 2012 unemployment rate in the United States was pegged at 8.2%, while the figure for Japan in May 2012 was 4.4%.
The German Federal Labor Office reported Tuesday that the seasonally adjusted number of unemployed workers there rose by 7,000 in July. That matched the increase seen in June. Economists had forecast a rise of 10,000. The seasonally adjusted unemployment rate held steady at 6.8%, which was in line with forecasts.
Eurostat also said Tuesday that the eurozone’s annual inflation in July was unchanged at 2.4% for the third straight month.
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Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.
Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.
Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.
Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.