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Saturday, April 26, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Contrary to expectations, unemployment in the euro zone fell to 6.5% in March

The unemployment rate for March in the region was below expectations from Reuters, which said the jobless rate was unchanged from February at 6.6%.

The number of unemployed fell to 11.01 million in March from 11.131 million in February.

The German labor market tightened, with the unemployment rate falling to 2.8% from 2.9% in February, which helped German unions negotiate large wage increases.

However, rising wages in Germany and elsewhere are expected to make it harder for the ECB to bring down inflation, which hit 7% year-on-year in April against the bank’s 2% target.

The European Central Bank is expected to raise interest rates for the seventh consecutive time at Thursday’s meeting, and market expectations indicate that it will raise them by 50 basis points.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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