Tags: EU | Europe | Economy

Eurozone Unemployment Edges Down to Lowest in over 9 Years

Thursday, 01 March 2018 06:38 AM EST

BRUSSELS (AP) — Official figures show that unemployment across the 19-country eurozone has fallen to its lowest level in a little more than nine years on the back of strong economic growth.

Eurostat, the EU's statistics agency, said Thursday that the unemployment rate in January was 8.6 percent, unchanged from the previous month's rate, which was revised down from the previous estimate of 8.7 percent.

The rate now is the lowest since December 2008, when unemployment was mushrooming in the wake of the global financial crisis and ensuing recession.

Though unemployment across the eurozone has been edging down for a few years now from a peak of over 12 percent, it's still around double the rate in the United States. The hope is it will fall further this year as growth remains elevated.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Official figures show that unemployment across the 19-country eurozone has fallen to its lowest level in a little more than nine years on the back of strong economic growth.Eurostat, the EU's statistics agency, said Thursday that the unemployment rate in January was 8.6...
EU,Europe,Economy
132
2018-38-01
Thursday, 01 March 2018 06:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

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