Send to Kindle
The Euro sculpture is seen in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany. Photo by EPA/BGNES
Unemployment in the eurozone edged up in February to 10.8%, the highest level since the introduction of the single currency in 1999.
Joblessness in the 17-nation currency zone rose by 0.1 points in comparison with January, Eurostat said on Monday.
Spain has the highest rate of 23.6%.
Italy saw unemployment hit 9.3% in February, the highest level since the country started collecting monthly figures in 2004.
For those aged between 15 and 24 the rate was 31.9%.
The lowest unemployment rates among countries that use the euro are to be found in Austria (4.2%), the Netherlands (4.9%) and Germany (5.7%).
Meanwhile, a separate report confirmed that manufacturing activity in Europe shrank in February.
It is the eighth month in a row that the Purchasing Manager's Index has been below 50, which indicates contraction and creates a tough environment for job seekers.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
A senior Hamas official has conveyed the movement's readiness to entertain a five-year truce with Israel, agreeing to disarm and transition into a political entity on the condition of Palestinian statehood recognition within the pre-1967 borders
The presidential election landscape in North Macedonia is poised for a runoff between Gordana Siljanovska, representing VMRO-DPMNE, and Stevo Pendarovski, backed by SDSM
Poland has announced its readiness to assist Ukraine in its conflict against Russia by facilitating the return of Ukrainian men of conscription age
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
