Thursday, December 1, 2016

Eurozone unemployment falls below 10% for first time since 2011

Unemployment in the eurozone has fallen below the symbolic mark of 10 percent for the first time since April 2011, EU data showed on Thursday.


The Eurostat statistics agency said the jobless rate in the 19-nation eurozone fell to 9.8 percent in October, driven by falls in France and Italy.

The September rate was revised to 9.9 percent from the 10 percent first given last month.

The outcome was much lower than estimated in a survey of analysts by Bloomberg which put October unemployment unchanged at 10 percent.

One of the lowest jobless rate was in powerhouse Germany, at 4.1 percent, while the highest rates were in debt-laden Greece at 23.4 percent and Spain with 19.2 percent.
 [france24.com/AFP]
1/12/16

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