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Euro zone unemployment rate unchanged in Nov as expected

Published 09/01/2023, 10:59
Updated 09/01/2023, 11:01
© Reuters. FILE PHOTO: A waiter wearing a face mask carries a bag with milk as he walks to the restaurant where he works, amid the coronavirus disease (COVID-19) pandemic in Barcelona, Spain February 1, 2022. REUTERS/Nacho Doce

© Reuters. FILE PHOTO: A waiter wearing a face mask carries a bag with milk as he walks to the restaurant where he works, amid the coronavirus disease (COVID-19) pandemic in Barcelona, Spain February 1, 2022. REUTERS/Nacho Doce

BRUSSELS (Reuters) - The euro zone's unemployment rate was unchanged at a record low in November as expected, with the absolute number of people without jobs falling slightly further, the European Union's statistics office Eurostat said on Monday.

© Reuters. FILE PHOTO: A waiter wearing a face mask carries a bag with milk as he walks to the restaurant where he works, amid the coronavirus disease (COVID-19) pandemic in Barcelona, Spain February 1, 2022. REUTERS/Nacho Doce

Eurostat said the unemployment rate in the 20 countries now sharing the euro in November 2022 was 6.5% of the workforce, the same as in October and in line with forecasts by economists polled by Reuters.

In absolute terms, however, the number of people without jobs fell to 10.849 million in November from 10.851 million in October in a sign the labour market was still tightening despite economist forecasts of a technical recession from the last quarter of 2022.

 

 

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