Tags: EU | Europe | Economy

Eurozone Unemployment Edges Down Further in August

Eurozone Unemployment Edges Down Further in August

Monday, 02 October 2017 05:26 AM

LONDON (AP) — Official figures show that the number of people unemployed across the 19-eurozone economy edged down further in August, but that the overall unemployment rate remained unchanged at its lowest level since early 2009.

Eurostat, the EU's statistics agency, said the number of jobless fell by 42,000 to 14.751 million. The unemployment rate held at 9.1 percent, its joint-lowest since February 2009.

It's the latest piece of good news for the region that has stoked expectations that the European Central Bank will soon start to reduce its stimulus.

Elsewhere, financial information company IHS Markit said Monday that its main gauge of business activity in the manufacturing sector rose to a level that's only been bettered once in the past 17 years. Strong eurozone growth has helped shore up British manufacturing, too.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Official figures show that the number of people unemployed across the 19-eurozone economy edged down further in August, but that the overall unemployment rate remained unchanged at its lowest level since early 2009.Eurostat, the EU's statistics agency, said the number of...
EU,Europe,Economy
132
2017-26-02
Monday, 02 October 2017 05:26 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved