Tuesday 26 September 2017

Eurozone jobless rate drops to 9.5pc

Tourists in Prague – the Czech Republic now has the lowest unemployment rate in the EU
Tourists in Prague – the Czech Republic now has the lowest unemployment rate in the EU
Ireland's unemployment was 6.6pc, the lowest it has been since July 2008
Ellie Donnelly

Ellie Donnelly

The eurozone unemployment rate has fallen to its lowest level in almost eight years.

The jobless rate slipped to 9.5pc in February, the lowest since May 2009, according to Europe's statistical agency Eurostat.

Across the EU 28 member states the unemployment rate was 8pc for February, down from 8.1pc in January 2017. Member states which recorded the lowest rates of unemployment in February were the Czech Republic (3.4pc), Germany (3.9pc), and Malta (4.1pc).

Ireland's unemployment was 6.6pc, the lowest it has been since July 2008, when it was 6.5pc, according to the Central Statistics Office. The numbers in work in Ireland are at their highest level since the end of 2008.

In the UK, unemployment for February was 4.6pc confirming that, for now, Brexit seems to have had little or no impact on employment levels in the UK.

France, which goes to the polls in the first round of its presidential election on April 23, recorded unemployment of 10pc for February. The highest unemployment rates were recorded in Greece where the unemployment rate stands at 23.1pc and Spain which recorded unemployment of 18pc.

The seasonally-adjusted figures, when compared to this time last year, show that unemployment has fallen in 26 of the 28 member states, rising only in Denmark to 6.4pc from 6pc and Lithuania from to 8.3pc from 8pc.

Countries which recorded the greatest decrease were Croatia ( to 11.6pc from 14.4pc), Spain (to 18pc from 20.5pc), Portugal (to 10pc from 12.2pc), and Ireland (to 6.6pc from 8.4pc).

Irish Independent

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