eurozone unemployment falls to 9year low as recovery strengthens
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Eurozone unemployment falls to 9-year low as recovery strengthens

Arab Today, arab today

Arab Today, arab today Eurozone unemployment falls to 9-year low as recovery strengthens

Spain's jobless rate of 16.7 percent remains one of the highest in the Eurozone.
Brussels - Arab Today

Europe's economic recovery is deepening, data showed on Tuesday, with eurozone unemployment falling to its lowest level since January 2009.

The EU's official statistics agency said that the jobless rate in the single currency area fell to 8.7 percent in November, hitting analyst predictions and down from 8.8 percent in October.

Unemployment for the EU as a whole in November was 7.3 percent -- the lowest since October 2008, Eurostat said.

The positive data come after the European Central Bank (ECB) announced it was starting to wind down the massive support it has given the 19-member currency zone to help it through the crises of recent years, in view of the solid economy.

But the ECB remains concerned about the muted levels of inflation in the eurozone despite the positive jobs picture, which should typically boost prices with Europeans more ready to spend.

Eurozone inflation is still stubbornly low -- slowing to 1.4 in December compared with the ECB's target of 2.0 percent -- which has forced bank chief Mario Draghi to reassure investors the era of cheap money was not completely over.

Eurostat said that the unemployment rate fell for all the EU's member states compared to a year before, with the biggest drops seen in Greece and Portugal, two of the biggest victims of the eurozone debt crisis.

But unemployment remained high in Greece on 20.5 percent in September, the last month for which figures were available, Spain at 16.7 percent, and Italy at 11.0 percent, ahead of March elections.

German unemployment remained super-low with 3.6 percent in November, as well as the Netherlands, with 4.4 percent.

At the worst of the debt crisis in 2013, unemployment reached a record 12.1 percent.

Since then, the economic situation has slowly improved, but unemployment remains much higher than the average rate before the crisis, when it was 7.5 percent.

Source: AFP

GMT 11:43 2017 Tuesday ,02 May

Eurozone unemployment unchanged

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

eurozone unemployment falls to 9year low as recovery strengthens eurozone unemployment falls to 9year low as recovery strengthens

 



GMT 03:26 2017 Friday ,22 September

May22nd-June21st

GMT 05:26 2017 Saturday ,11 February

Sultan Al Qasimi to visit Khorfakkan

GMT 00:00 2017 Tuesday ,21 February

OIC and UNHCR aim to boost cooperation

GMT 08:55 2016 Monday ,18 July

Egypt media jumps the gun

GMT 02:45 2017 Wednesday ,08 February

Coup defeat a matter of time, says Yemeni VP

GMT 05:32 2017 Sunday ,19 February

38 ISIS Militants Killed in Shaheen Operations

GMT 14:02 2018 Sunday ,07 January

Saudi Arabia a time-tested friend: Shehbaz

GMT 16:12 2015 Tuesday ,27 October

Fear not, eat bratwurst

GMT 10:59 2018 Wednesday ,03 January

Kanaan: Agreement with Lebanese Forces is constant

GMT 00:27 2017 Thursday ,28 December

Saudi chess PR gambit checked by controversies

GMT 11:32 2017 Monday ,18 December

Pjanic stars as Juventus rise

GMT 16:16 2013 Wednesday ,30 January

The man behind Bespoke HQ

GMT 01:07 2017 Saturday ,21 October

HM King thanks HRH Premier

GMT 02:25 2017 Saturday ,30 September

February20th-March20th

GMT 12:19 2017 Monday ,09 January

China takes global lead in clean energy

GMT 06:31 2017 Thursday ,16 February

Patient walks again after successful surgery

GMT 16:32 2017 Wednesday ,15 March

Libya’s Sarraj delays his visit to Khartoum
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday