Unemployment in the Eurozone showed a slight improvement in March, falling to 6.5%. The labor market in the eurozone countries is experiencing a good moment, with unemployment at an all-time low, according to data published this Wednesday by the European Statistical Office (Eurostat). This phenomenon also extends to the entire European Union (EU), which registered an unemployment rate of 6% in March. In Spain, the unemployment rate doubles the European average (12.8%), the country with the highest unemployment rate in the Eurozone and the EU. However, the Spanish labor market showed a slight improvement compared to February. The numbers are also better than in March last year, when the unemployment rate was 13.2%. In absolute figures, unemployment in Spain fell by 16,000 people in March. Of course, the country has 3,026,000 unemployed; or what is the same: one in four unemployed in the EU is Hispanic. According to Eurostat estimates, Spain’s figures are comparable only to those of Greece, the only euro economy where unemployment also remains in the double digits (10.9%). Italy and Sweden are also above average, with unemployment at 7.8% and 7.3% respectively. On the contrary, the Czech Republic – with an unemployment rate of 2.6% -, Poland and Germany (2.8%) and Malta (2.9%) are among the countries with the lowest unemployment in the EU in March.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
