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Eurozone Unemployment at Record Low

EUROZONE DATA
MNI (London)

EUROZONE FEB UNEMPLOYMENT RATE 6.8%; JAN 6.9%r

JAN UNEMPLOYMENT REVISED UP 0.1PP

  • Seasonally-adjusted unemployment inched down to 6.8% in February, from 6.9% in January, bringing it below pre-pandemic levels and to a record low for the bloc.
  • The decline in unemployment was in line with market expectations.
  • EU unemployment also stepped down 0.1pp to 6.2% in February.
  • Youth unemployment continued to improve, reducing by 0.3pp to 14.0% in both the EU and eurozone.
  • The lowest unemployment rates were seen in Czechia at 3.2%, followed by Poland (3.7%), and Germany (3.9%).

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