Euro area unemployment rate lowest since 2008

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Unemployment in the Euro area is at its lowest level since 2008 according to Eurostat. The rate fell to 8.5% in April from an upwardly revised 8.6% in March. Greece, Spain and Italy recorded the highest rates of unemployment while the Czech Republic, Malta and Germany recorded the lowest.

Unemployment in the Euro area is at its lowest level since 2008 according to Eurostat. The rate fell to 8.5% in April from an upwardly revised 8.6% in March. Greece, Spain and Italy recorded the highest rates of unemployment while the Czech Republic, Malta and Germany recorded the lowest.

EU_Eurostat

@EU_Eurostat

Inflation jumped far more than expected in May to 1.9 % from 1.2 % in April – mainly due to a rise in fuel costs and food prices