Eurozone inflation and unemployment rise
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Eurozone inflation jumped more than expected in August.
Economists said rising energy prices were the main factor.
Consumer prices in the 17 countries using the euro rose 2.6 percent year-on-year.
It had been up 2.4 percent in July.
The numbers, which were a first estimate from the European Union's statistics office, make it less likely the European Central Bank will cut interest rates at its policy meeting next Thursday.
However, the Bank also has to take into account the fact that unemployment hit a new record for the eurozone in July with 18 million people out of work.
The jobless rate was 11.3 percent of the working population.
Rising unemployment is likely to limit inflationary pressures in coming months.
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Socialism works
until you run out of other peoples money
Posted Aug-31-2012 ByAiredale (2622.86) 
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@MB-UK Don't worry not only are we 15 trillion $$$ in debt we also sold our brains so we could afford some nice cars
Posted Aug-31-2012 ByBloodyStars (43.60) 
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@Airedale capitalism works until you realize you just outsourced a hundred thousand jobs to flip a profit
Posted Aug-31-2012 ByBloodyStars (43.60) 
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@Airedale yeah those austerity budgets are really working out well!
Posted Aug-31-2012 Bycdlcrash (320.60) 
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Republicans: "IT'S OBAMA'S FAULT"
Posted Aug-31-2012 ByBloodyStars (43.60) 
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@BloodyStars
Libtards: "IT'S BUSH'S FAULT"
Posted Aug-31-2012 Byconservative hispanic (950.80) 
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@conservative hispanic Get the shit out of your eyes bro it is bushes fault
Posted Aug-31-2012 ByBloodyStars (43.60) 
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@BloodyStars: He caused the real estate bubble and encouraged the creation of the Euro and dirivitave trading? Who knew?
Posted Aug-31-2012 ByMoore Slayer (2021.64) 
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@BloodyStars
I can't, you keep opening your mouth and it splatters me.
Posted Aug-31-2012 Byconservative hispanic (950.80) 
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@illuminatifreedomfighter They could make things a lot better? Don't be silly. The best they can do is maintain a minimal presence in people's lives, not trying to be the solution to everyone's problems.
Posted Aug-31-2012 ByChumCannon (1456.92) 
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Can't wait till we get the euro in the USA
Posted Aug-31-2012 Bytncobra (321.62) 
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It will be a long time before things improve.
Posted Sep-1-2012 ByBawbag (762.70) 
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