Vlada republike SrbijeGovernment of the Republic of Serbia

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Unemployment in Eurozone Back to Under 10%

Published 02.12.2016.

ilustracijaUnemployment in the Eurozone fell under the symbolic threshold of 10%, despite remaining above the level prior to the economic crisis of 2008. Unemployment fell throughout the EU in October, where it was also below 10%. The lowest unemployment rate was registered in the Czech Republic, and the highest in Greece. Data from the European statistical service Eurostat also show that two years ago 13% of people in EU could not afford to go out to drinks or dinner with friends or family, while one in six people did not have money for entertainment.

This is the lowest rate in the Eurozone since July 2009. During the hardest moments of the crisis unemployment amounted to a record 12.1% in April, May and June 2013. The unemployment rate was previously under 10% in April 2011, when it amounted to 9.9%. Prior to the crisis the unemployment rate was on average 7.5%.

Compared to one year ago, unemployment fell in 24 EU member states, it is unchanged in Italy, while it has increased in Estonia, Denmark and Austria. The highest drop was marked in Croatia, from 16.1 to 12.7%, Spain from 21.2 to 19.2% and Slovakia from 11.1 to 9.1%.

Source: Beta, AFP, taken from www.euractiv.rs

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