Eurostat: Eurozone unemployment drops to 11.1% in April

GMT 11:08 2015 Wednesday ,03 June

Arab Today, arab today Eurostat: Eurozone unemployment drops to 11.1% in April

Europe's economies could be on the mend
Brussels - AFP

Unemployment in the eurozone dropped to a three-year low of 11.1 percent in April, official data showed on Wednesday, in a sign that the fragile jobs market in Europe could be on the mend.

Joblessness in the 19-nation currency bloc fell from a revised 11.2 percent in March, the EU statistics agency Eurostat said, but with youth unemployment at a still high 22.3 percent.

The overall level was the lowest since April 2012.

As usual, the level of joblessness varied widely across the eurozone.

Unemployment in powerhouse Germany was unchanged at 4.7 percent, the lowest rate in the currency bloc.

The highest rate was in debt-stricken Greece, at 25.4 percent in February, the latest data available, down slightly from 25.7 percent a month earlier.

Youth unemployment in Greece stood at 50.1 percent and a still huge but slightly lower 49.6 percent in Spain.

In welcome news, Italy, the eurozone's third biggest economy, saw joblessness fall to 12.4 percent from a revised 12.6 percent in March.

Youth unemployment in Italy however still stood at a high 40.9 percent.

EU-wide, unemployment in the 28 member states fell by 0.1 percent to 9.7 percent in April.

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