Eurozone unemployment at lowest since August 2011

AFP, BRUSSELS:  Eurozone unemployment fell to its lowest level in four-and-a-half years in January, official data showed yesterday, beating forecasts from analysts worried about the effects of a faltering global economy.
The Eurostat statistics agency said unemployment in the 19-nation eurozone dropped to 10.3 per cent in January from 10.4 per cent in December, its lowest rate since August 2011.
Analysts had expected the January figure to be unchanged at 10.4 per cent, taking into account the sharp slowdown in China and turbulence on the global financial markets.
By headcount, there were some 16.65 million jobless in the eurozone in January, down a solid 105,000 from December and 1.4 million less compared with January 2015.
As usual, the level of unemployment diverged widely across the eurozone.
Greece and Spain continued to have the highest jobless rates, at 24.6 percent and 20.5 percent, while economic powerhouse Germany was on 4.3 per cent.

Eurozone unemployment at lowest since August 2011

AFP, BRUSSELS: Eurozone unemployment fell to its lowest level in four-and-a-half years in January, official data showed yesterday, beating forecasts from analysts worried about the effects of a faltering global economy. The Eurostat statistics agency said unemployment in the 19-nation eurozone dropped to 10.3 per cent in January from 10.4 per cent in December, its lowest rate since August 2011. Analysts had expected the January figure to be unchanged at 10.4 per cent, taking into account the sharp slowdown in China and turbulence on the global financial markets. By headcount, there were some 16.65 million jobless in the eurozone in January, down a solid 105,000 from December and 1.4 million less compared with January 2015. As usual, the level of unemployment diverged widely across the eurozone. Greece and Spain continued to have the highest jobless rates, at 24.6 percent and 20.5 percent, while economic powerhouse Germany was on 4.3 per cent.