Unemployment in the euro zone fell to its lowest level in over three years, even as the region’s stock markets continued to reflect the global turmoil caused by economic troubles in China.
Eurostat said the unemployment rate for the 19-nation bloc was 10.9% in July, falling below 11% for the first time since February 2012.
Huge disparities continue to exist in the region, with Germany having a record low rate of 4.7% and Greece, which narrowly avoided exiting the bloc in July, reporting a 25% unemployment rate.