Eurozone January Jobless Rate Steady At 12%

The euro area unemployment rate has remained at 12 percent since October, data from Eurostat revealed Friday. The rate matched economists’ expectations.

In January, 19.17 million people were unemployed in the euro area. The number of people out of work increased 17,000 from December, while it fell 67,000 from January 2013.

The youth unemployment rate also held steady at 24 percent in January.

Among the member states, the lowest unemployment rates were recorded in Austria, Germany and Luxembourg. The highest rate was reported in Greece, at 28 percent in November.

Published: 2014-02-28 10:29:00 UTC+00

Eurozone January Jobless Rate Steady At 12%