Eurozone unemployment rate steady in August

The eurozone unemployment rate was steady compared to the previous month at 10.1% in August, according to the latest figures from Eurostat.

This was a touch weaker than expectations for it to nudge down to 10%, but it remained at the lowest rate recorded in the bloc since July 2011.

On the year, it was down from 10.7% in August 2015.

Unemployment in the EU-28 group of countries was also stable compared to July, at 8.6%, but down from 9.3% in August 2015. This remains the lowest rate recorded in the EU-28 since March 2009.

Among the member states, the lowest unemployment rates were recorded in the Czech Republic and Germany, while the highest were observed in Greece and Spain.