Eurozone unemployment rate drops to a new record low in February, signaling there were 1 million fewer jobless people in the trading bloc than before the pandemic hit two years ago.
EuroStoxx50 down -0.51%, EURUSD down -0.48%
In February, there were 11.16 million jobless people in the euro area, matching an all-time low unemployment rate of 6.8%. That is lower than 6.9% in January.
The number of unemployed people in the euro area has dropped by 1 million since February 2020, briefly before the Covid-19 crisis struck Europe, and dropped to nearly 6.5 million from 10 years ago.
In the entire EU, the unemployment rate dropped from 6.3% in January to 6.2% in February.
Youth unemployment also fell across the region, falling from 14.3% to 14% in both EU and Eurozone.