The euro area will lose 200,000 jobs this year - the first decline in employment since 1994.
This was one of several gloomy economic predictions presented by Economics and Monetary Affairs Commissioner Pedro Solbes today in the Commission's autumn economic forecasts.
The future for employment in the EU looks anything but rosy, as well. According to the report, "given the sluggish recovery and persisting rigidities, very little job creation is foreseen for next year".
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