Eurozone’s unemployment rate drops to 10.2% in March, the lowest reading since August 2011

Eurostat released its unemployment data for the Eurozone on Friday. Eurozone’s unemployment rate declined to 10.2% in March from 10.4% in February, beating expectations for a fall to 10.3%. It was the lowest reading since August 2011.

February’s figure was revised up from 10.3%.

There were 16.437 million unemployed in the Eurozone in March, down by 226.000 from January.

The lowest unemployment rate in the Eurozone in March was recorded in Germany (4.2%) and the highest in Greece (24.4% in January 2016) and Spain (20.4%).

The youth unemployment rate was 21.2% in the Eurozone in March, compared to 22.7% in March a year ago.

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