Eurozone Unemployment Rate Fell as Expected in July

The European statistics office Eurostat said on Wednesday that the unemployment rate in the eurozone fell as expected in July, with 350,000 people employed compared to the previous month.

Eurostat reported that the unemployment rate in the 19 euro countries fell to 7.6% of the workforce, in line with analysts’ expectations in a Reuters poll, from 7.8% in June.

This means that there were 12.334 million people registered as unemployed in the euro area in July, down from 12.684 million in June.

Spain and Greece continued to record the highest unemployment rate among the European Union, at 14.3 and 14.6%, respectively, but they also recorded a sharp decline in the number of unemployed people.

The Netherlands recorded the lowest unemployment rate in the euro area at 3.1%, followed by Malta at 3.3% and Germany at 3.6%.