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Eurozone unemployment shrinks to lowest since 2011

Staff writer ▼ | March 2, 2016
Unemployment in the Eurozone fell to 10.3% in January from 10.4% the month before, to the lowest level since 2011.
Eurozone unemployment
No jobs   Unemployment for the wider European Union lowest since 2009
Unemployment for the wider European Union reached a low not seen since since 2009, with rate for the EU-28 group of countries dipping to 8.9% from 9% in December and 9.8% in the previous January, according to figures published by Eurostat, the statistical office of the European Union.

Greece and Spain's unemployment still topped an eye-watering 20%, dragging the average much higher than Germany's much improved 4.3% and the 6.5% in the Netherlands, though France's rate was at 10.2%.

Eurostat estimated that 21.79 million men and women in the European Union, of whom 16.65m were in the euro-area, were unemployed in January 2016.

Youth unemployment was hight in Greece at an astounding 48%, with Spain not much better at 45.0%, Croatia at 44.1% and Italy 39.3%.