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Faster than anticipated drop in Europe jobless rate points to reform success

Thursday, September 22, 2016 - 05:50


EUROPEAN Central Bank (ECB) researchers have some welcome news for euro-area job seekers: Okun is back.

A drop in unemployment from a record high of 12.1 per cent in early 2013 to 10.1 per cent in April this year was faster than economists and policymakers anticipated,

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