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Eurozone unemployment rate holds steady at decade-low

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Eurozone unemployment rate holds steady at decade-low

The seasonally adjusted unemployment rate in the eurozone stood at 7.5% in November 2019, unchanged from the preceding month and maintaining the lowest print since July 2008, Eurostat reported.

The latest reading matched the consensus estimate of economists polled by Econoday.

Within the bloc, Germany's unemployment rate was among the lowest, at 3.1%. Meanwhile, Greece's jobless rate was 16.8%, the highest among member states.

The eurozone's jobless rate in November 2019 marked a decline from the 7.9% unemployment rate registered in the year-ago period.

Unemployment dropped by 10,000 on a monthly basis and decreased by 624,000 on an annual basis in November 2019.