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EZ Sep Unemployment Fell Further

EUROZONE DATA
MNI (London)

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.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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