Eurozone unemployment fell to 8.3% in November

European statistical office Eurostat reported that in November last year, the unemployment rate in the euro area fell to 8.3% from 8.4% a month earlier. The decrease was unexpected for economists, who had expected the growth of unemployment in the eurozone countries to 8.5%.

In that month there were officially registered 13.609 million unemployed in the region, 172 thousand fewer than in the previous month. Over the past twelve months to November, this figure rose by 1.425 million people.

In the countries, unemployment in November was recorded at 7.5%, while in October it was 7.6%. The number of unemployed in EU countries over a month decreased by 222 thousand to 15.933 million people.

As compared to the same month last year, their number increased by 1.795 million people. The lowest unemployment rate in November last year was observed in the  — at 2.9% and Poland — at 3.3%. The highest rate was in Spain, amounting to 16.4%.

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