Signs Region: Job Market and Lehman Brothers

signs region: That could place the eurozone's already faltering recovery in peril, since it would lose the support of consumers at home just as it has lost buyers abroad, according to Market Watch. For the European Central Bank, a softening job market might also kill off its already distant hopes of lifting inflation to its target of just below 2%. And for the many young people in southern Europe still without a job, it could blight their lifetime economic prospects. But there are signs the region's job market may be cooling as manufacturers cut back on hiring in response to weaker global demand for their exports. Between the collapse of Lehman Brothers in September 2008 -- when the financial crisis truly went global -- and the eurozone's return to economic growth in the second quarter of 2013, the currency area lost 6.7 million jobs, according to the European Union's statistics agency. And over the subsequent five years, a further eight million jobs were created. By the time the ECB started to offer economic stimulus a little over a year later, in 2014, 2.3 million jobs had been recovered. (news.financializer.com). As reported in the news.