Euro zone unemployment in surprise fall to lowest rate in more than a decade 0 SHARES Share it! Share TweetBy ReutersThe unemployment rate in the euro zone dropped in August to its lowest level in more than a decade continuing its five-year-long downward trend, estimates from the European Union statistics office showed on Monday. August’s fall came as a surprise, as the average forecast of economists polled by Reuters showed the rate was expected to remain unchanged from July. In Spain, the unemployment fell to 13.8% in August from 13.9% in July, while in Italy it went down to 9.5% from 9.8%. In Germany, the euro zone’s largest economy, the rate was stable at 3.1% in August.

Source: Manila Bulletin September 30, 2019 09:00 UTC