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01.03.2016 10:50 Eurozone's unemployment rate drops to 10.3% in January, the lowest reading since August 2011

Eurostat released its unemployment data for the Eurozone on Tuesday. Eurozone's unemployment rate declined to 10.3% in January from 10.4% in December. It was the lowest reading since August 2011.

 

Analysts had expected the unemployment rate to remain unchanged at 10.4%.

 

There were 16.647 million unemployed in the Eurozone in January, down by 105.000 from December.

 

The lowest unemployment rate in the Eurozone in January was recorded in Germany (4.3%) and Malta (5.1%), and the highest in Greece (24.6% in November 2015) and Spain (20.5%).

 

The youth unemployment rate was 22.0% in the Eurozone in January, compared to 22.8% in January a year ago.



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