Eurozone's Unemployment Rate Falls Below 10%

• By: Staff Editor
• Date: December 05, 2016
• Source: http://www.bbc.com

Eurozone's Unemployment Rate Falls Below 10%

For the first time since 2011, unemployment rates dropped below 10 percent in the eurozone. Eurostat, an EU statistics agency, recorded the lowest rate in seven years - 9.9% in September, and a further dip from 9.8% in October.

The eurozone, also called the euro area, is a monetary union of 19 EU member states. This includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.