Jumat, 30 Agustus 2013

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Eurozone unemployment remains steady

Angela MerkelUnemployment will be a key issue in the German election

The eurozone's unemployment rate remained steady at its record 12.1% during July, official figures show.

However, the total number of people out of work in the 17-nation area fell slightly, by 15,000 to 19.23 million.

This was the second consecutive fall, after a drop of 35,000 in June, adding to hopes of overall economic improvement in the eurozone.

In the wider European Union, the unemployment rate also remained unchanged, at 11%.

The eurozone saw overall growth of 0.3% for the second quarter of the year, ending an 18-month recession.

Unemployment, and signs of wider economic recovery, are key political issues and provide the backdrop for next month's German election, in which Chancellor Angela Merkel is seeking a third term in office.

German unemployment stands at 5.3%, the second-lowest rate in the euro area, after its neighbour Austria, which has an unemployment rate of 4.5%.

Twice bailed-out Greece and troubled Spain have the highest figures, with 27.6% and 26.3% respectively.



Source: BBC News - Business http://www.bbc.co.uk/news/business-23897577#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa