Euro Zone Unemployment Unexpectedly Falls To 10-Year Low

www.oann.com | 1/22/2015 | Staff
bluelilly (Posted by) Level 3
BRUSSELS (Reuters) – Unemployment in the euro zone unexpectedly fell in November to its lowest rate in more than ten years, official estimates released on Wednesday showed.

The EU statistics office Eurostat said unemployment in the 19-country currency bloc dropped to 7.9 percent in November, the lowest level since October 2008, and below economists’ forecasts of an 8.1 percent rate.

Eurostat - October - Reading - Percent - Estimate

Eurostat also revised down its October reading to 8.0 percent from a previous estimate of 8.1 percent.

The fall was partly caused by a drop of the number of jobless in Italy...
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