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01.09.2015 09:23 Eurozone's unemployment rate is down to 10.9% in July, the lowest level since February 2012

Eurostat released its unemployment data for the Eurozone on Tuesday. Eurozone's unemployment rate declined to 10.9% in July from 11.1% in June. It was the lowest level since February 2012.

 

 

Analysts had expected the unemployment rate to remain unchanged at 11.1%.

 

 

There were 17.532 million unemployed in the Eurozone in July, down 213,000 from June.

 

 

The lowest unemployment rate in the Eurozone in April was recorded in Germany (4.7%), and the highest in Greece (25.0% in May 2015) and Spain (22.2%).

 

 

The youth unemployment rate was 21.9% in the Eurozone in July, compared to 23.8% in July a year ago.



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