Business & Economy

Eurozone unemployment rate holds at a record low 6.5%

Brussels, Jan 9 (EFE).- The rate of unemployment in the eurozone remained at a record low of 6.5% in November for the second consecutive month, according to preliminary data published Monday by Eurostat.

Unemployment in the European Union also remained unchanged in November at 6%, also a historic low.

According to Eurostat, nearly 13 million people were unemployed in the EU in November, of which 10.8 million were in the eurozone.

The figures show that unemployment in the eurozone and the bloc is flattening, as predicted by organizations including the European Commission.

In its latest economic growth projections, the Commission predicted a slowdown in the last quarter of 2021 that could lead to a technical recession at the beginning of this year.

Before the financial crisis of the last decade, neither the eurozone nor the EU managed to bring their unemployment rate down below 7 %.

Just before the Covid-19 pandemic, the rate was at 7.2 % in the eurozone and 6.5 % in the wider bloc. EFE


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