Eurozone Unemployment Drops to Lowest in 4 Years

Unemployment in the eurozone dropped in December to its lowest rate in over four years despite worries about the global economy.

Eurostat, the EU’s statistical agency, said the jobless rate in the 19 country eurozone had fallen to 10.4% from 10.5% in November.

This means 16.75 million people are jobless, down 49,000 from November.
In the full 28 member European Union the unemployment rate was unchanged at 9% in December.

Among the member states Greece and Spain continue to have the highest jobless total at over 20%.

The Czech Republic and Germany had the lowest rate, both at 4.5%.
Although the German authorities, using a different calculation method, released a domestic unemployment rate of 6.3% for December earlier on Tuesday.

Youth unemployment in the eurozone was 22%, compared with 23% in December 2014.

via BBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.