Reuters - Video

EDITION: U.S. | U.K. | IN

Video

Euro zone unemployment unexpectedly holds steady

Friday, February 01, 2013 - 01:37

Feb. 1 - Unemployment remains at a euro-era high of 11.7 percent in December, slightly lower than the 11.9 percent level expected by economists. Ciara Sutton reports.

▲ Hide Transcript

View Transcript

Ferries remain docked and buses stand empty in a second day of Greek transport strikes. The country now has the highest levels of unemployment in Europe, with one in four out of work. Fresh jobless data for the euro zone as a whole was better than forecast, but it remained at a record high of over 11 percent at the end of last year. Jan Randolph is from IHS Global Insight. (SOUNDBITE) (English) JAN RANDOLPH, SAYING: "The recessions in southern Europe are easing. Unemployment did come out not any worse but still at record high levels. If we can call that an improvement, it's called from a very low base. What we are going to see I think is again the pattern in Europe where Germany the largest economy with gravitational influence with the countries around it, is likely to see some recovery in the first half of this year." Euro zone inflation data also gave cheer to the markets. It fell more than expected in January in a sign that companies have been cutting prices to entice shoppers. Inflation is now near the ECB's target of close to 2 percent. An improvement in euro zone business morale for the third straight month last month and better factory output suggest the bloc has passed the worst of its recession. That couldn't be further from the reality of these striking workers. Greece is in its sixth successive year of recession, and unions have called for a general strike later in the month in what seems like a constant cycle of walk-outs.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Euro zone unemployment unexpectedly holds steady

Friday, February 01, 2013 - 01:37

Editors' Picks »

Business »

Moving Pictures »

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Oddly Enough »

Calling all men: here's your chance to experience labor pains Calling all men: here's your chance to...

Thu, 20 Nov, 2014 - (1:43)

Annie Leibovitz showcases historic "Pilgrimage" Annie Leibovitz showcases historic...

Thu, 20 Nov, 2014 - (1:38)

Block-long billboard lights up Times Square Block-long billboard lights up Times Square

Wed, 19 Nov, 2014 - (1:19)

Japan’s military gets sexy Japan’s military gets sexy

Tue, 18 Nov, 2014 - (1:30)

Paris turns on holiday spirit Paris turns on holiday spirit

Mon, 17 Nov, 2014 - (0:57)

Belgian artists sculpt Disney on ice Belgian artists sculpt Disney on ice

Mon, 17 Nov, 2014 - (1:32)

A whale of a tale A whale of a tale

Fri, 14 Nov, 2014 - (0:32)

Sandcastle hits new heights Sandcastle hits new heights

Wed, 12 Nov, 2014 - (0:59)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)