Eurozone jobless rate hits 11-year low in MayPeople visit a job centre in Duesseldorf-Mitte, western Germany, on Augt 25, 2017. The figure is better than the consensus forecast of analysts calculated by data firm Factset, which was for the jobless rate to stay steady at 7.6%. In the 19 countries that share the euro, the jobless rate has now returned to the level when the global economic crisis unfolded in 2007-2008. Since falling back into single digits in September 2016 the jobless rate in the eurozone as steadily moved lower. Eurostat said the lowest unemployment rate in the eurozone in May was the Czech Republic at 2.2%.

Source: Bangkok Post July 01, 2019 13:21 UTC