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2/1, 11:01 AM (Source: TeleTrader)
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Eurozone's unemployment rate down to 7% in December

The seasonally adjusted unemployment rate in the Eurozone (EA19) came in at 7.0% in December, observing only a slight decline in comparison to 7.1% recorded the month before and 8.2% for the corresponding period of 2020, Eurostat revealed in its report published on Tuesday.

In the European Union (EU27) alone, the December rate landed at 6.4%, down from 6.5% in November 2021 and from 7.5% in December 2020. Youth unemployment in the euro area also fell to 14.9% from 15.4% recorded in November.

Among the countries comprising the union, unemployment in December remained highest in Spain and Greece, while the lowest figures were registered in the Czech Republic and Poland.

Baha Breaking News (BBN) / SP