Bank Of Baku

Eurozone jobless rate drops in january

Eurozone jobless rate drops in january
# 01 March 2011 13:56 (UTC +04:00)
Baku - APA-Economics. Eurozone’s seasonally adjusted unemployment rate slipped to 9.9% in January from 10% in December, Eurostat said Tuesday. Economists had forecast the rate to remain at 10%, RTT News reported.

The number of unemployed decreased by 72,000 from December to 15,775 million in euro area. This was nearly stable compared to last year’s level.

The jobless rate for the EU27 was 9.5% in January, compared to 9.6% in December. The number of unemployed in the European Union member states declined by 43,000 month-on-month and by 99,000 from a year ago level.

Among the member states, the Netherlands and Austria recorded the lowest unemployment rate of 4.3%, while Spain logged the highest rate of 20.4%.
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