Unemployment in Italy to climb higher than forecast, says EC

IMG title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/02/wpid-b2dc8396f783be6df4a5a112c6598d5a.jpg” IMG class=hide alt=”Unemployment in Italy to climb higher than forecast, says EC” src=”http://www.mineralfossil.com/wp-content/uploads/2014/02/wpid-b2dc8396f783be6df4a5a112c6598d5a.jpg” (see previous) (ANSA) – Strasbourg, February 25 – Unemployment in Italy will likely be worse than predicted after the European Commission revised its forecast to 12.6% for 2014 and 12.4% for 2015 on Tuesday. PIn November the EC had forecast joblessness over the next two years at 12.4% and 12.1%, respectively. A statement faulted bad labor-market conditions and weak consumer demand./PPUnemployment is set to remain high throughout the eurozone and the European Union, with only a “modest” reduction, the EC said./PPIn the eurozone, joblessness is set to drop from 12.1% in 2013 to 12.0% in 2014 and 11.7% in 2015. Across the entire EU, joblessness is set to drop from 10.9% in 2013 to 10.7% in 2014 and 10.4% in 2015./PIMG id=mediaViewer title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2014/02/wpid-trasp175.gif”ALL RIGHTS RESERVED