Euro Zone Unemployment Eases to 7.4 Percent in September as Expected

Euro Zone Unemployment Eases to 7.4 Percent in September as Expected
Picture shows the abandoned Kennedy Square due to the coronavirus disease (COVID-19) pandemic lockdown in downtown Essen, Germany on March 11, 2021. Wolfgang Rattay/Reuters
Reuters
Updated:

BRUSSELS—Euro zone unemployment eased to 7.4 percent of the workforce in September as expected, the EU’s statistics office said on Wednesday, as the economy continues to recover from the recession caused by the COVID-19 pandemic.

The statistics office said 12.079 million people were without jobs in the 19 countries sharing the euro in September, compared to 12.334 million, or 7.5 percent of the workforce, in August.

This is the lowest reading since April 2020 when the unemployment rate was 7.3 percent.