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Euro zone unemployment rate surprises with November decline

Jumat, 08 Januari 2021 / 19:51 WIB
Euro zone unemployment rate surprises with November decline
ILUSTRASI. An EU flag flutters outside the Houses of Parliament, as uncertainty over Brexit continues, in London, Britain May 15, 2019. REUTERS/Hannah Mckay

Sumber: Reuters | Editor: Tendi Mahadi

KONTAN.CO.ID - BRUSSELS. Euro zone unemployment unexpectedly inched down for the second consecutive month in November, although the rate rose for younger people and the return of coronavirus restrictions may mean the improvement is short-lived.

The European Union’s statistics office Eurostat said on Friday that the jobless rate fell to 8.3% in November from 8.4% in October. Economists polled by Reuters had expected an increase to 8.5%. 

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In November 2019, the rate was 7.4%.

Compared with October, the number of persons unemployed decreased by 172,000 in the euro area, although it was up 1.425 million from a year earlier.

In contrast to the improvement for the working population as a whole, for people younger than 25 years the unemployment rate rose to 18.4% in November from 18.0% in October.

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