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LONDON (MNI)
Unemployment in the eurozone fell to 7.6% in July from an upwardly revised 7.8% in June, significantly below the 8.4% touched in July of 2020, underlining the ECB's view on an economy continuing to recover.
Jobless roles decreased by 350,000 between June and July and by 1.521 million over July of 2020. Youth unemployment retreated to 16.5% from 17.2% in June.
The ECB continues to focus on the economic recovery. Earlier Wednesday, Executive Board member Luis de Guindos said the eurozone would recover to its pre-pandemic level around the turn of the year.
Source: Eurostat
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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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.
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