Live coverage of business, economics and financial markets as investors consider risk of disruption to energy supplies as conflict spreads
Eurozone unemployment remained at 6.4% in August. That was a continued record low, despite a weakening economy.
However, economists expect the rate to increase in the coming months, as weakness – notably in Germany, the EU’s largest economy – feeds through to job losses.
The unemployment rate remains at the lowest level recorded since the eurozone began in 1999. The low rate remains remarkable given the sluggish economic environment that the eurozone has been in since late 2022. But labour demand remains high despite a weak economic environment. That results in worrisome productivity developments, but also boosts household income growth and confidence in the short-term.
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