Unemployment rate in the euro zone falls to a record low
In the euro zone, the unemployment rate fell to a record low in February. It sank to 6.1 percent in the 20 euro countries, as the Statistics Office Eurostat announced in Luxembourg. The quota had not been lower since the introduction of the euro in 1999. Im entsprechenden Vorjahresmonat hatte sie noch bei 6,5 Prozent gelegen.
In absolute numbers, the number of unemployment dropped by 70,000 in the month comparison. Im Jahresvergleich fiel sie um 643.000. The total number of unemployed in the euro zone was 10.58 million.
Germany with one of the lowest odds in the euro zone – increase in Luxembourg
In the individual countries of the euro zone there are still significant differences in unemployment. The unemployment rate is still particularly high in Spain with 10.4 percent and in Greece with 8.6 percent. However, the quota has dropped in both countries. Germany has one of the lowest odds with unchanged 3.5 percent.
The Luxembourg job market continues to increase an increase in unemployment. At the end of February 2025, 19,460 job seekers with residence in Luxembourg were registered with the Adem, which is 1,294 people or 7.1 percent more than in the previous year.
Eurostat berechnet harmonisierte Arbeitslosenquoten. These are based on definitions that meet the recommendations of the International Labor Organization (ILO). Sie können von den nationalen Erhebungsmethoden abweichen.
