Unemployment falls to lowest level in EU since 2000

BRUSSELS, The European Union (EU) unemployment rate was 6.3 percent in November, stable compared to October, as well as down from 6.6 percent in November 2018, Eurostat, the EU’s statistical office reported Thursday.

This remains the lowest rate recorded in the EU since January 2000, Eurostat added.

The euro area unemployment rate was 7.5 percent in November, stable compared to October and down from 7.9 percent in November 2018, remaining the lowest rate in the euro area since July 2008.

Compared with November 2018, unemployment fell by 768, 000 in the EU and by 624, 000 in the euro area.

Source: Kuwait News Agency