Eurozone jobless total at two-year high

Article reports that Eurozone unemployment in October 2008 has seen its biggest monthly jump in 15 years, mirroring a sharp drop in inflation and strengthening the case for another big cut in European Central Bank interest rates in December 2008.

Eurostat: Press Release: STAT/08/167: Euro area unemployment up to 7.7%, October 2008 http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/08/167&format=PDF&aged=0&language=EN&guiLanguage=en

Eurostat: Press Release: STAT/08/166: Flash estimate – November 2008. Euro area inflation estimated at 2.1% http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/08/166&format=PDF&aged=0&language=EN&guiLanguage=en

---