The rate has never been lower since the introduction of the Euro. Economists had expected a constant rate of 6.6 percent on average.
From year to year, unemployment in the currency fell markedly. In October 2021, the rate was still 7.3 percent. In 2021, corona measures have been a burden on the economy. The statistics office also reported that around 10.87 million people were unemployed in the eurozone in October this year. That was 1.05 million less than a year ago.
Among the 19 countries in the eurozone, Greece has the highest unemployment rate at 15.6 percent. It is one of the lowest rates in Germany with 2.7 percent. Eurostat’s labor market data is based on the International Labor Organization (ILO) indicators. The rate for Germany is therefore significantly lower than the rate reported by the Federal Employment Agency.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
