Eurozone employment rate stays at 11% in February

Eurozone unemployment stayed at 11.9% in February, highlighting the region’s uneven recovery as Germany’s labour market strengthened and Italy’s jobless rate reached a record.

The jobless rate was revised lower in January and in the prior two months from 12%, the EU statistics office in Luxembourg said yesterday. Economists had forecast 12% for February, according to the median of 32 estimates in a Bloomberg News survey.

In Italy, the unemployment rate reached a record 13%, while the number of Germans out of work fell in March, according to separate reports.