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Free AccessEZ Sep Unemployment Fell Further
EZ NOV UNEMPLOYMENT RATE 8.3%; OCT 8.4%
- The EZ jobless rate edged lower to 8.3 in Nov, beating markets looking for a small uptick.
- This marks the fourth successive decrease and the lowest level since June.
- However, the unemployment rate is 0.9pp higher than a year ago.
- Among the member states, Spain (16.4%), Lithuania (10.4%) and Italy (8.9%) recorded the largest jobless rates in the EZ, while the Netherlands (4.0%), Germany (4.5%) and Malta (4.8%) saw the smallest unemployment rates in Nov.
- Youth unemployment (under 25s) rose further in Nov, ticking up to 18.4% and marking a three-month high.
- Both overall male and female unemployment eased by 0.1pp in Nov to 7.9% and 8.8%, respectively.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.