World

Eurozone unemployment rate stuck at 12 percent, inflation rate stable at 0.8 percent

Carolina Salazar Fernandez, 23 years old, right, accompanied by a housing rights activist, partly seen at left, covers her face ashamed of her kitchen appearance after she had removed her appliances during her eviction in Madrid, Spain, Thursday, Feb. 27, 2014. Carolina Salazar Fernandez, is a single mother of two children: Jesus, 3 years old, and Abraham, 6 years old. Her only income it is a state benefit of 530 euros ($ 723). She has occupied an empty foreclosed apartment owned by SAREB bank in February 2013. She tries to negotiate to pay a low protected rent, since her income it is not enough to rent an apartment and support the family at the same time. The eviction was finally postponed with the help of housing rights' activists. SAREB, called "bad bank", is a bank who receives toxic assets produced by Spanish lenders after the country's property market collapse in 2008. (AP Photo/Andres Kudacki)

Carolina Salazar Fernandez, 23 years old, right, accompanied by a housing rights activist, partly seen at left, covers her face ashamed of her kitchen appearance after she had removed her appliances during her eviction in Madrid, Spain, Thursday, Feb. 27, 2014. Carolina Salazar Fernandez, is a single mother of two children: Jesus, 3 years old, and Abraham, 6 years old. Her only income it is a state benefit of 530 euros ($ 723). She has occupied an empty foreclosed apartment owned by SAREB bank in February 2013. She tries to negotiate to pay a low protected rent, since her income it is not enough to rent an apartment and support the family at the same time. The eviction was finally postponed with the help of housing rights' activists. SAREB, called "bad bank", is a bank who receives toxic assets produced by Spanish lenders after the country's property market collapse in 2008. (AP Photo/Andres Kudacki)  (The Associated Press)

Official data show the unemployment rate for the 18-country eurozone was unchanged in January at a near-record 12 percent and inflation was stable.

The European Union's statistics agency said Friday that some 19.175 million were without a job across the eurozone, or 17,000 more than in December. The unemployment rate has held steady since October.

Eurostat says the bloc's inflation rate also remained stable at 0.8 percent in February, well below the European Central Bank's target rate of around 2 percent.

Some analysts say the low inflation rate means the bloc risks falling into deflation, when falling prices lead companies and consumers to defer purchases and investments, hurting growth.

Eurostat says the unemployment rate for the wider 28-nation EU also remained stable since October at 10.8 percent.