Eurozone Unemployment Drops to Lowest in 4 Years

Unemployment in the eurozone dropped in December to its lowest rate in over four years despite worries about the global economy.

Eurostat, the EU’s statistical agency, said the jobless rate in the 19 country eurozone had fallen to 10.4% from 10.5% in November.

This means 16.75 million people are jobless, down 49,000 from November.
In the full 28 member European Union the unemployment rate was unchanged at 9% in December.

Among the member states Greece and Spain continue to have the highest jobless total at over 20%.

The Czech Republic and Germany had the lowest rate, both at 4.5%.
Although the German authorities, using a different calculation method, released a domestic unemployment rate of 6.3% for December earlier on Tuesday.

Youth unemployment in the eurozone was 22%, compared with 23% in December 2014.

via BBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza