In August, the number of unemployed persons increased by 34,000. The figure was down from the 86,000 new job seekers recorded in July and marked the smallest increase recorded since April 2011. The reading represents, nonetheless, a 16th consecutive increase in the number of unemployed. Despite the monthly rise, the unemployment rate remained stable at July's 11.4%, mirroring market expectations and marking the highest unemployment rate since the inception of the Euro area. At a country level, Spain (25.1%) and Greece (24.4%, data from June) were the Euro area members with the highest unemployment rates. At the other end of the spectrum, Austria (4.5%) and Luxembourg (5.2%) recorded the lowest unemployment rates. Among the remaining major economies, Italy recorded the highest unemployment rate (10.7%), followed by France (10.6%) and Germany (5.5%).
Unemployment rate stable at record high
October 1, 2012
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Eurozone Economic News
October 24, 2016
Recent data suggest that business activity in the Euro area picked up momentum at the start of Q4.
October 20, 2016
The European Central Bank (ECB) decided to stay the course and made no changes to its monetary policy at its 20 October meeting, matching market expectations.
October 17, 2016
Complete data released by Eurostat on 17 October confirmed that harmonized inflation was 0.4% in September, above August’s 0.2% and the highest reading seen since June 2014.
October 12, 2016
The industrial sector in the common-currency bloc grew in August after contracting in July.
September 30, 2016
Inflation rose to an almost two-year high in September, providing some evidence that the European Central Bank’s monetary stimulus is bearing fruit.