LONDON — Further evidence emerged Friday to show that unemployment across the 18-country eurozone is falling on a consistent basis and that the region’s recovery is on a sounder footing.
Eurostat, the EU’s statistics office, said unemployment across the eurozone fell to 18.91 million in March from 18.94 million the month before. Though not a dramatic fall, it is a further improvement from last April’s peak of 19.24 million.
Timo del Carpio, European economist at RBC Capital Markets, said the figures “will offer some degree of reassurance to policymakers that the recovery is slowly gaining traction.”
— The Associated Press
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