The number of people with jobs in the euro zone was unchanged for the second consecutive quarter in the three months to September, showing the bloc's economic recovery has not yet filtered through to the labour market. But euro zone employment was shrinking more slowly than a year ago on a year-on-year basis -- it contracted 0.8 percent in the third quarter against -1.1 in the previous three months, data from the EU's Eurostat showed on Friday. Job creation, like the uneven economic recovery, differs from country to country and from sector to sector. While Europe's largest economy Germany saw a quarterly 0.2 percent rise in employment, the second largest France registered no change for a third consecutive quarter.
Qualcomm said Friday it had promoted Steve Mollenkopf to chief executive, succeeding Paul Jacobs at the helm of the world's dominant mobile chipmaker. Mollenkopf, 44, will retain his title as president of Qualcomm while Jacobs, 51, becomes executive chairman. Mollenkopf "will assume overall responsibility for Qualcomm, including all lines of business and all functional groups" while Jacobs will take the new role "helping guide development of new technology and Qualcomm's long-term opportunities," a statement from the California company said. "With today's announcement, we enable a smooth transition to a proven executive in Steve Mollenkopf, while providing for ongoing executive guidance and board-level leadership from Paul Jacobs," said Sherry Lansing, presiding director of Qualcomm's board.