Business World

Saturday 14 December 2019

Euro zone unemployment rate down slightly at 11.9pc

The scheme is intended to get long-term unemployed off the dole queue
The scheme is intended to get long-term unemployed off the dole queue

Unemployment in the euro zone declined slightly in February, although the rate remained at 11.9 percent after downward revisions of the past few months, the European statistics office Eurostat said today.

Eurostat said in a statement that 18.97 million people in the 18-country euro zone were unemployed in February, a decrease of about 35,000 from last month.

This equated to a rate of 11.9 percent, the same as in January. Eurostat, which had initially reported a figure in January of 12pc, said the rate had been stable since October 2013.

Unemployment eased slightly in Spain to 25.6pc from 25.8pc, while France, Italy and the Netherlands saw minor increases in the number of unemployed people.

For job seekers under the age of 25, the situation improved in February, with a youth unemployment rate of 23.5pc in the euro zone from 23.6pc in January.

The number improved most markedly in Austria and Spain, while those under the age of 25 seeking jobs in Portugal increased from the previous month.

In the 28-member European Union, overall unemployment decreased to 10.6pc in February from 10.7pc in January.

 

Online Editors

Also in Business