- The number of people unemployed fell by 94 thousand after declining by 114 thousand in July.
- Compared with August 2023, the number of unemployed fell by 233 thousand, improving from a 190 thousand drop in July.
- Spain remained at the top of the unemployment chart, with an unemployment rate of 11.3% in August, down from 11.5% in July.
- Notably, France had an unemployment rate of 7.5% in August (July: 7.5%), while Germany’s unemployment rate stood at 3.5% (July: 3.5%).
- Malta had the lowest unemployment rate among the Euro area nations, standing at 3.0%.
Eurozone Unemployment and the ECB Rate Path
The Eurozone’s August unemployment rate may continue supporting investor bets on an October ECB rate cut. September’s softer inflation numbers for France, Germany, and the Eurozone have intensified speculation about…
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