Eurozone unemployment rate edges down further
The unemployment rate in the 19-country eurozone edged down further in October, to 9.8 percent from 9.9 percent the previous month.
Statistics agency Eurostat said Thursday that the number of people out of work fell by 178,000 over the month.
Most countries in the currency union saw a decline in unemployment, though the rates vary greatly. Germany’s jobless rate was 4.1 percent while Portugal’s was 10.8 percent. Greece had a rate of 23.4 percent in August, the latest month for which figures were available.
The overall improvement shows the region’s economy is improving, albeit gradually. The European Central Bank has been pumping 80 billion euros a month into the economy to boost business activity. Next week, it is expected to extend that program beyond its current end date of March.
You may be interested
Roland Garros: Tsitsipas advanced to the final!makis - Jun 11, 2021
On February 19, Stefanos Tsitsipas, having lost almost his hands to Daniel Medvedev in the semifinals of the Australian Open,…
“Memphis Belle”: The legendary B-17 & the Greek twist of the story (photos)Panos - Jun 11, 2021
The reason for “Memphis Belle” being a legend? Belle was one of the first heavy bomber aircraft to complete 25…