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Record low unemployment rate spells quiet optimism across the Eurozone
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investmentweek.co.ukThe unemployment figure beat analyst estimates of 6.5% and was a decrease from March's number, which stood at 6.5%. The 0.1 percentage point decrease means that employment now sits at its lowest point since the single currency was created in 1999. This economic recovery is the result of a «strong job market» that is helping to maintain wage growth and facilitate «purchasing power to recover after the inflation spike», according to ING Economics. Eurozone inflation drops to 2.4% in 'positive surprise' This means that the number of unemployed people within the Eurozone now stands at ...
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