The euro zone unemployment rate recorded an all-time low of 6.8% in March, with a slight retraction of 0.1 percentage point from 6.9% in February, the European statistics agency Eurostat announced today.
The February index had been initially calculated at 6.8%, but was later readjusted to 6.9%. The result of 6.8% represents the lowest level since the beginning of the historical series, in April 1998.
For the whole of the EU (European Union), including countries that do not use the common currency, the unemployment rate in March was calculated at 6.2%.
According to Eurostat figures, the European labor market is still enjoying the benefits of the strong recovery registered throughout 2021, as a result of the easing of measures adopted during the coronavirus pandemic.
Eurostat indicated that unemployment in the eurozone over the past 12 months has fallen by 1.4 percentage points.