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Europe unemployment rate stays at 7.5%

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Posted By: The Corner 11th January 2020

The unemployment rate in the Eurozone in November stood at 7.5%, in line with estimates. This minimum level was reached in June 2019.

We would have to go back to June 2008 to find a similar rate.

Analysts at Bankinter noted that Europe has a solid labor market and predictably the improvement in GDP in the coming quarters will allow the level of unemployment to be gradually reduced, although it will do so slowly. They expect the unemployment rate to close at 7.4% in 2020 and 7.3% in 2021.

 

*Photo by Onasill ~ Bill Badzo – 67 M on Foter.com / CC BY-NC-SA

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.