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
Cricket: England v West Indies 3rd Test scoreboard
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
Finland says Russian vessel violated its territorial waters
Olympic opening ceremony under way on River Seine
West Indies' treble strike rocks England in third Test
Ukraine court orders detention of suspect in murder of nationalist ex-MP
Long queues, ticketing problems ahead of Paris opening ceremony
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
Glowing tributes mark 69th birthday of President Zardari at Governor's House
Players unaware of spying scandal as Canada Olympic coach sent home: official
Naqvi hails Pak women cricketers for going down fighting against SL
'Sabotage' on French rail network before Olympics: What we know
More Stories From World
-
Biden talks Gaza ceasefire efforts with king of Jordan
4 hours ago -
Sinaloa Cartel co-founder pleads not guilty after stunning US capture
4 hours ago -
Panama says Venezuela blocked ex-presidents going to observe polls
4 hours ago -
Ethiopia mourns victims of landslide tragedy
5 hours ago -
Khan Yunis fighting displaces 180,000 Gazans in four days: UN
5 hours ago -
Trump slams rivals as he meets Netanyahu in Florida
5 hours ago
-
Obama & his wife, Michelle, officially endorse US VP Kamala Harris for president
5 hours ago -
Rain, cooling slow huge blaze in Canada's Jasper park
5 hours ago -
Airbus and Boeing supremacy secure despite turbulence
5 hours ago -
S.African police detain 95 Libyans at suspected military camp
5 hours ago -
'Slapping therapist' guilty over UK diabetic woman's death
6 hours ago -
Panama says Venezuela blocked flight of ex-presidents going to observe polls
6 hours ago