By that I'm giving the floor to co-hosts of todays conference the European Investment Bank, dear Ricardo, the floor is yours. 3/3  BIS - Central bankers' speeches
Here, too, the trend is encouraging – 8.9 percent in October, 8.7 in November, 8.5 in December, and 8.3 in January. That is the lowest level in nearly three years. As growth continues and strengthens, I expect further gradual declines in the unemployment rate, with the rate falling to 8 percent or less, by the end of 2012.