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Eurozone Unemployment Lower than Expected

EUROZONE DATA
MNI (London)

EZ DEC UNEMPLOYMENT RATE 7.0%; NOV 7.1r%

  • Eurozone unemployment edged down to 7.0% in December, from 7.1% (revised down from 7.2%) in November. This is lower than the forecasted 7.1% for the region and below pre-pandemic levels.
  • EU unemployment stepped down to 6.4% in December from 6.5%, 1.1% below the December 2020 rate of 7.5%.
  • Female and youth unemployment saw stronger reductions compared to the previous month. Youth unemployment fell to 14.9% in December, down half a point from the previous month, whilst female unemployment decreased 0.2% to 7.3% in December.

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