Eurozone Unemployment: 12.0%

Eurozone unemployment for August is out, and it’s 12.0%.

That’s flat compared to the previous month, although the previous month had been reported originally as 12.1%, meaning that July actually represented a sequential reduction in unemployment for the first time in a long time.

Bottom line. It appears the Eurozone unemployment is not getting worse, which is consistent with improving (but mediocre) data out of the region.

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