9/30, 11:00 AM (Source: TeleTrader)
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Euro area unemployment unchanged at 6.6% in August

The seasonally adjusted unemployment rate in the Eurozone (EA19) stayed unchanged at 6.6% in August on a monthly basis, Eurostat revealed in its report on Friday. Annually, the reading was 0.9 percentage points lower.

Moreover, the unemployment rate in the entire European Union was also unchanged month on month in August, standing at 6.0%. Year over year, the figure saw a decline of 0.8 percentage points.

EU member states that recorded the highest rates of unemployment were Spain with 12.4% and Greece with 12.2%. Meanwhile, those with the lowest unemployment rate were Czechia with 2.4% and Malta with 2.9%.

Baha Breaking News (BBN) / AY