Tuesday, February 2, 2016

Eurozone: unemployment at its lowest in 4 years – Challenges.fr

Unemployment fell slightly in December in the euro area, to 10.4%, remaining at its lowest levels in more than four years, announced Tuesday, 2 February the European Statistical Office Eurostat. The unemployment rate was 10.5% in November, the lowest level since October 2011. With 10.4%, it’s lowest since September 2011, Eurostat said in a statement.

This is slightly better than expected. The consensus of analysts expected a stagnation Factset a month on month, to 10.5%.

It was in December, in the 19 member countries of the euro area 16 75 million unemployed, 1.5 million fewer than a year ago, when the unemployment rate still stood at 11.4%.

4.5% unemployment in Germany

Wide disparities persist within the single currency area. Germany has an unemployment rate of 4.5%, the lowest of all, while it stood at 20.8% in Spain (against 23.6% a year earlier). The latest available figure for Greece, the October shows unemployment at 24.5%. France (10.2%) and Slovakia (10.6%) are around the average level, Italy (11.4%) a little above.

Overall the 28 EU Member States, the rate is stable compared to the previous month, to 9%, the lowest percentage since June 2009. 21.94 million of unemployed There were in December, against 23.97 million in December 2014.

(With AFP)

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