Eurozone unemployment falls below 10%
Paris, France (AHN) – Unemployment has begun dropping in the eurozone, according to Eurostat, the European Commission’s statistics office.
That marks the first time unemployment has dropped below 10 percent in over a year in the 17 EU nations that use the euro as a common currency. Eurostat estimates there are15.8 million people jobless in those nations.
On Friday, Eurostat released the latest unemployment figures for the eurozone region showing unemployment dropped in February to 9.9 percent, down from 10 percent in January. Figures for the EU27 showed unemployment at 9.5 for February down from 9.5% in January.
However, the unemployment rate varies by country with some countries still experiencing high unemploymnet rates.
That is the case in Spain’s where the unemployment rate stands is 20.5 while it is only 4.3 percent in the Netherlands.
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