Brussels, Feb. 1, (dpa-AFX/GNA) – The euro area unemployment rate dropped marginally in December, data from Eurostat showed on Tuesday.
The jobless rate came in at 7.0 per cent in December, down from 7.1 per cent in November. In the same period last year, the unemployment rate was 8.2 per cent. Economists had forecast the rate to remain unchanged at 7.1 per cent.
The number of people out of work decreased 185,000 from November to 11.481 million. Compared with December 2020, unemployment decreased by 1.828 million.
Further, the youth unemployment rate declined to 14.9 per cent in December from 15.4 per cent in November. The rate was markedly down from 18.2 per cent in the prior year. The EU27 unemployment rate was 6.4 per cent versus 6.5 per cent in November.
GNA