WASHINGTON: Unemployment in the eurozone remains high but has eased to the lowest level in five years. It was 10 percent of the workforce in September, according to the latest tally from the European Union’s statistics office. August’s total was revised down from 10.1 percent to 10.0 percent. The last time it was at that level was June 2011. Unemployment fell in most of the 19 countries using the euro currency, notably in Belgium, Ireland and France, while more people were out of a job in Austria, Italy and Luxembourg.
Germany had the lowest level of unemployment, stable at 4.1 percent. Youth unemployment fell from 20.6 to 20.3 percent in September. That was driven by improvements in Spain and Italy, though the overall level of those under the age of 25 without a job remained particularly high in those countries.
