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employment rates

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Business / 40 weeks ago

The disturbing unemployment rate in Europe

Recent data from Eurostat indicate that the European Union’s seasonally adjusted unemployment rate declined to approximately 5.9% as of December 2024, compared to 6.1% a year earlier. The rate hovers around 6.3% in the euro area, and it has remained remarkably stable over recent months despite broader economic headwinds. This stability reflects a recovery from past crises and the cautious optimism of policymakers who have implemented a range of structural reforms and targeted fiscal measures.

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