Eurozone Unemployment Holds Steady At 10 Percent
Fahad Shabbir (@FahadShabbir) Published November 03, 2016 | 03:35 PM
BRUSSELS, Nov 3, (APP - UrduPoint / Pakistan Point News - 03rd Nov, 2016 ) - Unemployment in the eurozone held steady at 10 percent in September, official data showed on Thursday, as the recovery in the European jobs market continued to haltingly improve.
The rate fell in with analyst forecasts as the eurozone continues a painfully slow recovery after unemployment hit record highs during the worst of the debt crisis. The Eurostat statistics agency said unemployment in the 19-nation eurozone matched the lowest level since June 2011 as it also revised its figure for August from 10.1 percent to the same amount.
One of the lowest jobless rate was in powerhouse Germany, at 4.
1 \ percent, while the highest were in debt-laden Greece at 23.2 percent and Spain with 19.3 percent, but the rates were down in both those countries.
Unemployment in the full 28-nation EU was also unchanged at 8.5 percent in September, Eurostat said. Unemployment in the single Currency bloc hit a record high of 12.1 percent during the worst of the debt crisis.
Joblessness has dropped slowly since that peak, with eurozone governments putting the priority on slashing public spending rather than more spending to stimulate jobs. The European Central Bank has launched a massive stimulus programme in early 2015 to boost demand but to little apparent effect.
Related Topics
Recent Stories
IHC seeks cases details from provinces against Gandapur
Police break up pro-Palestinian demos in Amsterdam, Berlin
MCF purchases new machinery
UN chief urges Israel to halt escalation, crossings be re-opened
China hospital attack leaves two dead, 21 wounded
FWMC staff activated for cleanliness of 4 model roads
Karachi Bling Special edition SEP Fashion Summit concludes
Dolphin force arrests 120 POs, 170 dacoits during current year
Passport fees update: Check latest details here
Huge quantity of unregistered medicines recovered
IESCO notifies power suspension programme
229 diseases directly linked to obesity: Experts
More Stories From World
-
Police break up pro-Palestinian demos in Amsterdam, Berlin
36 minutes ago -
UN chief urges Israel to halt escalation, crossings be re-opened
36 minutes ago -
China hospital attack leaves two dead, 21 wounded
36 minutes ago -
UN says its access to Gaza's Rafah crossing 'denied' by Israel
33 minutes ago -
Anadolu organizes training program for Algerian journalists
32 minutes ago -
Karmod completes quick-install service cabins for flight school in Adana, Türkiye
31 minutes ago
-
China's top legislature launches enforcement inspection of intangible cultural heritage law
31 minutes ago -
Al Jazeera to pursue legal action 'until the end' over Israel ban
2 hours ago -
Macron hosts Xi in French mountains to press messages on Ukraine, trade
2 hours ago -
Olympic flame to arrive in France ahead of Paris Olympics
3 hours ago -
Ukraine says thwarted Russian-led plot to kill Zelensky
3 hours ago -
S.Africa rescuers say in contact with 11 people in collapsed building
3 hours ago