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Migrants workforce keeps German joblessness at 6.2%

Bloomberg German joblessness was unchanged in March, snapping a run of five consecutive declines, in a sign that Europe’s largest economy may be struggling to absorb a wave of refugees. The number of people out of work held at a seasonally adjusted 2.73 million, data from the Federal Labor Agency in Nuremberg showed on Thursday. Economists surveyed by Bloomberg predicted ...

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Spain misses 2015 deficit goal adding to pressure for cuts

Bloomberg Spain missed its budget-deficit goal for 2015 as Prime Minister Mariano Rajoy tried to rally support ahead of December’s election, marking the eighth consecutive year the nation has overshot its fiscal target. The shortfall last year was 5.2 percent of gross domestic product, the second-biggest deficit in Europe, Budget Minister Cristobal Montoro said Thursday at a press conference in ...

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Euro-area prices drop for 2nd month before ECB beefs up QE

Bloomberg Euro-area inflation was negative for a second month in March, in data released on the eve of the European Central Bank’s first day of expanded debt purchasing to fight deflation. The consumer price index in the 19-nation bloc fell 0.1 percent from a year earlier after a 0.2 percent drop in February, according to data published on Thursday. That ...

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