Eurozone unemployment falls to four-year low of 10.5 per cent

The jobless rate in the eurozone fell to 10.5 per cent in November, the lowest rate since October 2011, new EU data showed Thursday.

Analysts had expected unemployment to stay level from the previous month. EU statistics agency Eurostat said 10.6 per cent had been without jobs in October, 0.1 per cent lower than previously announced.

The number of unemployed people in the 19 countries of the currency bloc fell to 16.92 million in November, 130,000 less than the previous month.

Youth unemployment was much higher at 22.5 per cent.

Germany remained the country with the best labour data, recording an overall jobless rate of 4.5 per cent and youth unemployment of 7 per cent.

On the other extreme, 24.6 per cent were without jobs in Greece in September, the highest national rate in the eurozone. At 45.9 per cent, youth unemployment was more than double the country's overall rate, according to the latest available monthly data.

Last update: Fri, 24/06/2016 - 08:49
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