BRUSSELS | Eurozone unemployment falls to decade-low of 7.9 percent
BRUSSELS — Jan 09, 2019—Official figures show that unemployment across the 19-country eurozone fell in November to a decade-low rate of 7.9 percent but worries over the economic outlook have stoked concerns that it may not fall much lower.
Eurostat, the European Union’s statistics agency, said Wednesday that a 90,000 monthly fall in the number out of work reduced the rate from 8 percent in October.
Bert Colijn, a senior economist at ING, said the decline was a relief as “it indicates that uncertainty about the economic outlook and a slowing pace of growth has not caused employment growth to grind to a halt just yet.”
Over recent days, there’s been mounting evidence that the eurozone economy lost momentum at the end of 2018, particularly in Germany.