Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
China Set to Hold Benchmark Lending Rates Steady for 15th Month 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Add as a preferred source on Google
Latest unemployment report released from Eurostat for December month, show employment improved to levels last seen during 2011. Overall unemployment rate in the region dropped to 10.4%, which is a remarkable improvement, when compared to 11.4% seen a year ago.
Despite the improvement it is vital to know, still 1.5 million people remain eligible but unemployed.
Moreover, employment scenario across Euro Zone remains well-fragmented.
Germany remains a shining star with just 4.5%, unemployment rate. However there lies the headache. European Central Bank (ECB) sets policy for all 19 member states, which includes German with such low unemployment rate but also countries like Greece (24.5%), Spain (20.8%) and Cyprus (15.7%), where unemployment levels are very high.
Nevertheless evidence suggest, ECB's easing improving the scenario but it also shows fiscal adjustment is necessary. Countries like Spain that has pursued reforms, registered biggest improvement in unemployment rate as it dropped by 2.8% in one year. In Portugal unemployment dropped by 1.8%.
So, While ECB has kept policy accommodative, countries need to keep pursuing reforms to ensure further steady and sharp improvement.
