Recordnet.com
 

Dec 1, 5:54 AM EST

Eurozone unemployment rate edges down further

AP Photo
AP Photo/Jens Meyer

Latest Business News
Japan mercury-poisoning victims demand tests, 60 years later

Trump: Japanese mogul pledges $50 billion US investment

Asian stocks mostly higher on record Dow, telecom news

Indonesia takes new step to combat loss of forests, fires

Trump DC hotel attracting foreign envoys and controversy

Latest News
Air Berlin sells stake in Austria's NIKI to Etihad for $319M

Royal Bank of Scotland settles claims of some shareholders

In turnaround, commodities giant Glencore to resume dividend

Eurozone unemployment rate edges down further

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
German industrial production up only slightly in October

Australian economy contracts 0.5 percent in September

South Korea's Park would leave economy mired in challenges

Brazil's government proposes setting retirement age at 65

Bank of England chief: Prosperity must be better distributed

Will Italy's political drama spawn a new eurozone crisis?

US services firms grow at fastest pace since October 2015

Lufthansa, GE invest in aircraft engine plant in Poland

Get used to it: Economists see "new normal" of slow growth

Jobs report shows Trump to inherit solid but uneven economy

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

BRUSSELS (AP) -- The unemployment rate in the 19-country eurozone edged down further in October, to 9.8 percent from 9.9 percent the previous month.

Statistics agency Eurostat said Thursday that the number of people out of work fell by 178,000 over the month.

Most countries in the currency union saw a decline in unemployment, though the rates vary greatly. Germany's jobless rate was 4.1 percent while Portugal's was 10.8 percent. Greece had a rate of 23.4 percent in August, the latest month for which figures were available.

The overall improvement shows the region's economy is improving, albeit gradually. The European Central Bank has been pumping 80 billion euros a month into the economy to boost business activity. Next week, it is expected to extend that program beyond its current end date of March.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.