Eurozone unemployment at historic low

Unemployment in the eurozone stood at its lowest recorded level in July, 6.6 per cent of the active population, the EU statistics agency announced Thursday.

The proportion of job hunters in the single currency bloc was reported at the same level in April, May and June, but Eurostat has since revised its figures slightly.

Eurozone unemployment has fallen from 7.7 per cent a year ago, with an estimated 12.96 million out of work in the full 27-nation EU.

In the EU as a whole, including countries that have not adopted the euro, June unemployment stood at 6.0 per cent, also a slight drop after a revision.

Youth unemployment, job seekers under 25, ticked down slightly between June and July, to 14 per cent in the EU and 14.2 per cent in the eurozone.