In October, the number of unemployed increased by 173,000 persons. The figure was up from the 155,000 new job seekers recorded in September (previously reported: +146,000), marking the 18th consecutive increase in the number of unemployed and the largest in four months. As a result of the monthly rise, the unemployment rate reached 11.7% in October, up from the 11.6% recorded in September and in line with market expectations. The reading marks a new Euro area record high. At a country level, Spain (26.2%) and Greece (25.4%, data from August) were the Euro area members with the highest unemployment rates. At the other end of the spectrum, Austria (4.3%) and Luxembourg (5.1%) recorded the lowest unemployment rates. Among the remaining major economies, Italy had the highest unemployment rate (11.7%), followed by France (10.7%) and, at a distance, by Germany (5.4%).
Unemployment rate picks up to new record high
November 30, 2012
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Eurozone Economic News
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.
September 30, 2016
Conditions in the labor market in the common-currency bloc remained broadly unchanged in August, according to recently released data by Eurostat.
September 29, 2016
Economic sentiment in the Eurozone rose in September, according to the European Commission (EC).