Unemployment in Eurozone stands still
2023.01.09 06:09
Unemployment in Eurozone stands still
Budrigannews.com – According to data released on Monday by Eurostat, the European Union’s statistics office, the unemployment rate in the euro area remained unchanged in November at a record low, while the total number of unemployed individuals decreased slightly more.
According to Eurostat, the unemployment rate in the 20 countries that share the euro in November 2022 would be 6.5 percent of the total workforce, which was the same as the rate in October and was in line with predictions made by economists polled by Reuters.
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However, the absolute number of unemployed individuals decreased from 10.851 million in October to 10.849 million in November, indicating that the labor market was still tightening despite economist predictions of a technical recession beginning in the fourth quarter of 2022.
