Eurozone’s unemployment rate stayed unchanged in February, and matched economists’ forecast, latest data showed Tuesday.
The seasonally adjusted unemployment rate was unchanged at 12 percent in February, after the January figure was revised upwards, statistical office Eurostat said Tuesday. The latest figure matched economists’ expectations, and was slightly higher than the originally reported 11.9 percent. In February 2012, the jobless rate was 10.9 percent.
Among the member states, the lowest unemployment rates were recorded in Austria, Germany, Luxembourg and the Netherlands, while the highest rates were recorded in Greece, Spain and Portugal.
The number of jobless persons in the currency bloc increased by 33,0000 to around 19.071 million in February. Compared with February 2012, unemployment increased by 1.775 million in the euro area.
The jobless rate in the European Union was 10.9 percent in February, up from January’s 10.8 percent. A year earlier, the unemployment rate in the EU was 10.2 percent, data showed.
by RTT Staff Writer
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