Home Business Eurozone jobless rate drops to 9.5pc
Eurozone jobless rate drops to 9.5pc

Eurozone jobless rate drops to 9.5pc

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The eurozone unemployment rate has fallen to its lowest level in almost eight years.

The jobless rate slipped to 9.5pc in February, the lowest since May 2009, according to Europe’s statistical agency Eurostat.

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Across the EU 28 member states the unemployment rate was 8pc for February, down from 8.1pc in January 2017. Member states which recorded the lowest rates of unemployment in February were the Czech Republic (3.4pc), Germany (3.9pc), and Malta (4.1pc).

Ireland’s unemployment was 6.6pc, the lowest it has been since July 2008, when it was 6.5pc, according to the Central Statistics Office. The numbers in work in Ireland are at their highest level since the end of 2008.

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