Despite weakening economic activity, the unemployment rate in the euro area decreased slightly in August, according to Eurostat figures released on Monday.
From 6.5 percent in July to 6.4 percent in August, the jobless rate hardly decreased. The rate was 6.7 percent during the same time previous year.
The rate was in line with predictions and matched a record low set in June.
According to data, the number of unemployed people fell by 107,000 from July to 10.856 million. Unemployment decreased by 407,000 over the previous year.
In August, the youth unemployment rate slightly decreased. In comparison to the previous month, when it was 13.9 percent, the rate was 13.8 percent.
Additionally, there was a little decline in the EU27's overall unemployment rate in August. The unemployment rate The euro area jobless rate dropped slightly in August despite weaker economic activity, data from Eurostat revealed on Monday.
The unemployment rate fell marginally to 6.4 percent in August from 6.5 percent in July. In the same period last year, the rate stood at 6.7 percent. percent in July.
decreased from 6.0 percent to 5.9 percent.
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