Euro-Area Unemployment Declines to Lowest Level in Eight Years
- Joblessness falls to 9.5 percent, in line with estimate
- Unemployment lowest in Germany, highest in Greece and Spain
An employee transports boxes from a shipping container onto a conveyor at an Amazon.com Inc. fulfillment center in Koblenz, Germany, on Tuesday, Nov. 29, 2016. E-commerce sales in November and December will grow 17.2 percent to $94.7 billion, more than five times the pace of total retail sales growth of 3.3 percent, according to EMarketer.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Euro-area unemployment fell to the lowest level in almost eight years in February, in a sign that the region’s economy is strengthening.
Joblessness decreased to 9.5 percent, the European Union’s statistics office in Luxembourg said on Monday. That’s the lowest since May 2009 and matches the median estimate of economists in a Bloomberg survey.