Eurozone unemployment rate falls to lowest since 2009

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Sharecast News | 31 May, 2017

Updated : 10:36

The unemployment rate in the eurozone fell in April, to its lowest level since just after the financial crisis, according to the latest figures from Eurostat.

The seasonally-adjusted rate declined to 9.3% from a downwardly-revised 9.4% in March and 10.2% in April last year, marking the lowest recorded rate since March 2009.

In the EU-28 group of nations, the unemployment rate was 7.8% in April, down from 7.9% the month before and 8.7% in April 2016 and hitting its lowest level since December 2008.

Compared with March 2017, the number of people unemployed fell by 233,000 in the eurozone and 253,000 in the EU-28. Compared with April 2017, unemployment was down 1.53m in the eurozone and 2.23m in the EU-28.

The lowest unemployment rates were recorded in the Czech Republic, Germany and Malta, while Greece and Spain saw the highest rates.

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