Unemployment in the eurozone declined slightly in February, reaching 7.3 percent. This is reported by the European statistics agency Eurostat. This brings unemployment to its lowest level since March 2008. In January, 7.4 percent of the European labour force was still unemployed.
The consequences of the corona crisis have not yet been included in the figures. In many countries, all kinds of restrictions only started in March, when the necessary unemployed will probably also be added.
Over 12 million people were unemployed in the euro area, according to Eurostat. Unemployment was measured at 6.5 percent for the entire European Union. That amounts to just under 14 million unemployed. The lowest unemployment in the EU was measured in the Czech Republic.
In addition, some 2.3 million young people were unemployed in the euro zone. In all EU countries, more than 2.7 million people under the age of 25 were unemployed.