Eurozone Unemployment Falls to 9.6% Lowest in 7 Years

January 31, 2017 Share Print 0

Eurozone politicians will be delighted to see the region’s jobless rate fall to 9.6% (not 9.8% as I mistyped earlier, sorry).

This is the lowest rate recorded in the euro area since May 2009.

The jobless rate across the European Union came in at 8.2%, unchanged from November, and the lowest since February 2009.

The lowest rates were recorded in the Czech Republic and Germany, while Greece suffered the worst jobless rate (23.0% in October 2016) followed by Spain (18.4%).

via The Guardian

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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, Alfonso Esparza 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 has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. 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.