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Eurozone unemployment rate drops below 10% in October

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Staff Writer | December 2, 2016
Eurozone unemployment
Europe   The unemployment rate fell to 9.8%

The eurozone unemployment rate unexpectedly declined in October, according to figures released by Eurostat.

The unemployment rate fell to 9.8% from 9.9% the month before and 10.6% in October 2015. This is the lowest rate recorded in the euro bloc since July 2009. The rate for September was revised down to 9.9% from a previous estimate of 10%.

In the EU-28 group of countries, the rate nudged down to 8.3% from 8.4% in September and 9.1% in October 2015, which is the lowest rate recorded since February 2009.

Among the member states, the lowest unemployment rates were seen in the Czech Republic and Germany, with the highest rates in Greece and Spain.

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