Eurozone unemployment rate dips below 12%

Written by admin on 07/30/2019 Categories: 佛山桑拿论坛

The Eurozone unemployment rate dipped to 11.

南宁桑拿

9 per cent in February, according to official data which also slightly revised the rates for recent months.

There were about 18.96 million unemployed people in the eurozone in February, down 35,000 from the January level and 166,000 from a year earlier, the Eurostat statistics agency said on Tuesday.

Unemployment rates were lowest in Austria, with a jobless rate of 4.8 per cent, Germany with 5.1 per cent and Luxembourg at 6.1 per cent.

However, unemployment in Greece remained at 27.5 per cent in December, the month with the latest data available, and Spain, where 25.6 per cent of the workforce was looking for work in February.

In the past year, the job market has deteriorated badly in Cyprus, where unemployment rose from 14.7 per cent in February last year to 16.7 per cent in 2014.

Unemployment in the Netherlands also rose in the period, from 6.2 per cent in February 2013, to 7.3 per cent this year.

The rate in bailed-out eurozone members Ireland and Portugal improved, however. In Portugal, it fell from 17.5 per cent in 2013 to 15.3 per cent in February this year. Irish unemployment dropped from 13.7 per cent to 11.9 per cent.

On the sidelines of a eurozone finance ministers meeting in Athens, Economic Affairs Commissioner Olli Rehn said that while much progress was still needed, the data in Portugal pointed in the right direction.

In February, youth unemployment across the single currency bloc fell in February to 23.5 per cent from 23.6 per cent a month earlier.

But again, the disparities between member countries were wide with youth unemployment in Germany at 7.7 per cent, but at a staggering 58.3 per cent in Greece for December and 53.6 per cent in Spain.

Across all the 28-member European Union, unemployment was at 10.6 per cent in February, down from 10.7 per cent in January.

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