Eurozone: Impressive employment numbers? - BBH

Analysts at BBH explain that economics news from the eurozone today consists largely of Germany and Spanish employment reports wherein German unemployment fell by 29k, roughly twice the decline that was expected.  

Key Quotes

“The unemployment rate stands at a record 5.5%, which is unchanged from the revised November reading.  Spanish unemployment fell 61.5k in December, which snaps a four-month period in which unemployment queues grew.  December has seen large declines in Spanish unemployment in recent years. Despite an impressive economic recovery in Spain, the unemployment rate is still around 16%.”