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    02.02.2016 10:26 Eurozone's unemployment rate drops to 10.4% in December, the lowest reading since September 2011

    Eurostat released its unemployment data for the Eurozone on Tuesday. Eurozone's unemployment rate declined to 10.4% in December from 10.5% in November. It was the lowest reading since September 2011.

     

    Analysts had expected the unemployment rate to remain unchanged at 10.5%.

     

    There were 16.750 million unemployed in the Eurozone in December, down by 49.000 from November.

     

    The lowest unemployment rate in the Eurozone in December was recorded in Germany (4.5%) and Malta (5.1%), and the highest in Greece (24.5% in October 2015) and Spain (20.8%).

     

    The youth unemployment rate was 22.0% in the Eurozone in December, compared to 23.0% in December a year ago.


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