In September, the number of unemployed persons increased by 146,000 persons. The figure was up from the 96,000 new job seekers recorded in August (previously reported: +34,000), marking a 17th consecutive increase in the number of unemployed. As a result of the monthly rise, the unemployment rate reached 11.6% in September, which was up from a revised 11.5% in August (previously reported: 11.4%) and a notch above market expectations. The reading marks the highest unemployment rate since the inception of the Euro area. At a country level, Spain (25.8%) and Greece (25.1%, data from July) were the Euro area members with the highest unemployment rates. At the other end of the spectrum, Austria (4.4%) and Luxembourg (5.2%) recorded the lowest unemployment rates. Among the remaining major economies, France and Italy recorded the highest unemployment rates (both 10.8%), followed at a distance by Germany (5.4%).
Unemployment rate hits new record high
October 31, 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.