Euro area’s unemployment rate is on a ten-year low

Ten years ago, the lowest unemployment rate in the euro area declined in November on the basis of the European Union’s statistical office – according to the report of Eurostat published on Wednesday.

In the 19 Member States of the euro area, the seasonally adjusted unemployment rate dropped to 7.9 percent from the 8.0 percent in October. Eurostat revised the October unemployment rate from 8.1 percent to 8.0 percent. (MTI)