The unemployment rate in the eurozone was unchanged in November as expected

The European Union’s statistics office (Eurostat) said on Monday that the unemployment rate in the euro zone was unchanged in November and remained at a record low level as expected, as the number of unemployed fell slightly.

He added that the unemployment rate in the 20 euro countries was 6.5 percent of the labor force in November, the same rate as in October and in line with expectations of economists polled by Reuters.

The number of unemployed fell to 10.849 million in November from 10.851 million in October, a sign that the labor market is still tightening despite economists forecasting a technical recession from the fourth quarter of 2022.