Eurostat

    • Eurozone unemployment drops to its lowest since 2008

      Eurozone unemployment drops to its lowest since 2008

      The unemployment rate in the Eurozone dropped in August to its lowest in more than 11 years, Eurostat said on Monday. According to the statistic agency, the jobless rate in the 19-country euro zone fell to 7.4%, its lowest since May 2008 when the Eurozone’s economy began to suffer from the subprime mortgage crisis in the US.

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    • Hourly labour costs rose by 2.2% in the euro area: Eurostat

      Hourly labour costs rose by 2.2% in the euro area: Eurostat

      Eurozone labour costs rose at their steepest rate in almost six years in the second quarter of 2018, Eurostat, the statistical office of the European Union announced. Figures show that hourly labour costs rose by 2.2% in the euro area (EA19) and by 2.6% in the EU28 in the second quarter of 2018, compared with the same quarter of the previous year. In comparison, in the first quarter of 2018, hourly labour costs increased by 2.1% and 2.8% respectively. The increase was the highest rate since the third quarter of 2012.

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