Euro zone unemployment drops to five-year low in February

The jobless rate ranged from 4.3% in Germany to 20.4% in Spain

4th April, 2016
Spanish unemployment stood at 20.4 per cent in February Pic: Getty

Euro-zone

unemployment retreated in February to the lowest since 2011, continuing its slow decline as the economy grows at a modest pace.

The rate fell to 10.3 per cent from 10.4 per cent in January, the European Union’s statistics office Eurostat in Luxembourg said. That matched the median forecast of economists in a Bloomberg survey, though the January number was revised from an initially reported 10.3 per cent.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Aidan Regan: A tale of one city and a two-tier economy operating beneath it

Bannon could embrace ‘martyr’ role as he defies House subpoena

US Marion McKeone 1 day ago

Virginia governor race a straw in the wind for US midterms

US Marion McKeone 1 day ago

Massive expansion in size of state will continue – but how will this money-printing experiment end?