Euro-Region Inflation, Unemployment Hold as Recovery Falters

Euro-area inflation remained unchanged in August and unemployment held steady for a second month in July as economic growth in the region slowed amid a persistent sovereign debt crisis.

The inflation rate remained at 2.5 percent after falling to that level in July, the European Union’s statistics office in Luxembourg said today in an initial estimate. The seasonally adjusted jobless rate remained at 10 percent, a separate report showed. Eurostat revised March, May and June unemployment up to 10 percent from 9.9 percent.