Eurozone joblessness lowest in 3 yrs

Brussels

UNEMPLOYMENT in the eurozone fell to its lowest level for three and a half years in July, raising hopes that economic recovery in the single currency area is taking hold, official data showed on Tuesday. Joblessness in the 19-nation bloc fell to 10.9 per cent in July from 11.1 per cent in June, the first time it has dipped below 11 per cent since Feb 2012, the EU statistics agency Eurostat said.

However, youth unemployment was at a still-high 21.9 per cent.