Posted by: youngragingbull | April 30, 2013

Eurozone unemployment rises in March, inflation falls

Unemployment in the eurozone inched up to 12.1% in March from 12% in February, according to data from Eurostat released on Tuesday.

In the 27-country European Union, the unemployment rate was unchanged at 10.9% in March versus the prior month, but against a year ago, that level was a 10.3%.

Germany and Austria had the lowest rates, of 7.6%, while the highest levels of joblessness were in Greece, at 27.2%, Spain, 26.7% and Portugal 17.5%.

Meanwhile, a flash estimate showed eurozone inflation dropping to 1.2% in April from 1.7% in March.

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