Unemployment rate in EU drops to lowest level since 2009

BRUSSELS, May 31 (KUNA) — The EU unemployment rate was 8.7% in April, down from 8.8% in March. This is the lowest rate recorded in the EU since April 2009, according to figures released Tuesday by Eurostat, the EU’s statistical office.
An estimated 21.22 million men and women in the EU, of whom 16.42 million were in the euro area, were unemployed in April 2016.
Compared with March, the number of persons unemployed decreased by 106,000 in the EU and by 63, 000 in the euro area.
Compared with April 2015, unemployment fell by 2.096 million in the EU and by 1.309 million in the euro area.
The euro area unemployment rate was 10.2% in April 2016, stable compared with March.
Meanwhile, Euro area annual inflation is expected to be minus -0.1% in May 2016, up from minus -0.2% in April, according to Eurostat. (end) nk.mt

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