Eurozone unemployment stays at 10.1 per cent despite rise in jobless

Unemployment in the eurozone lingered at 10.1 per cent in August - where it's stayed since April this year - despite an overall rise in the number of people out of work, new data showed Friday.

The European currency union has made some progress in whittling down its jobless rate since it hit a record 12.1 per cent in 2013, but many still consider it unacceptably high.

The number of people out of work in the eurozone rose by 8,000 from July to August, but the increase was not enough to alter the seasonally adjusted unemployment rate, the EU statistics agency Eurostat said.

A total of 16.3 million people were jobless in the 19-country eurozone in August. Just under 3 million of them were under the age of 25, leading to a youth unemployment rate of 20.7 per cent.

The Czech Republic and Germany recorded the lowest jobless rates, with overall unemployment at around 4 per cent, while Malta slipped from first into third place. Youth unemployment was also lowest in Germany, at 6.9 per cent.

Greece and Spain, meanwhile, continued to post the highest figures, with overall joblessness at around 20 per cent and youth unemployment above 40 per cent.

In the wider, 28-country European Union, unemployment remained unchanged at 8.6 per cent, its lowest rate in more than seven years.

Last update: Fri, 30/09/2016 - 11:03

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