AIRLINK 196.51 Increased By ▲ 4.67 (2.43%)
BOP 10.07 Increased By ▲ 0.20 (2.03%)
CNERGY 7.81 Increased By ▲ 0.14 (1.83%)
FCCL 38.46 Increased By ▲ 0.60 (1.58%)
FFL 15.72 Decreased By ▼ -0.04 (-0.25%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.10 Decreased By ▼ -0.07 (-0.05%)
HUMNL 13.70 Increased By ▲ 0.11 (0.81%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.20 Decreased By ▼ -0.01 (-0.16%)
MLCF 45.05 Increased By ▲ 0.76 (1.72%)
OGDC 206.65 Decreased By ▼ -0.22 (-0.11%)
PACE 6.60 Increased By ▲ 0.04 (0.61%)
PAEL 39.70 Decreased By ▼ -0.85 (-2.1%)
PIAHCLA 17.15 Decreased By ▼ -0.44 (-2.5%)
PIBTL 7.98 Decreased By ▼ -0.09 (-1.12%)
POWER 9.12 Decreased By ▼ -0.12 (-1.3%)
PPL 179.40 Increased By ▲ 0.84 (0.47%)
PRL 38.51 Decreased By ▼ -0.57 (-1.46%)
PTC 24.20 Increased By ▲ 0.06 (0.25%)
SEARL 109.15 Increased By ▲ 1.30 (1.21%)
SILK 1.01 Increased By ▲ 0.04 (4.12%)
SSGC 37.78 Decreased By ▼ -1.33 (-3.4%)
SYM 18.80 Decreased By ▼ -0.32 (-1.67%)
TELE 8.51 Decreased By ▼ -0.09 (-1.05%)
TPLP 12.12 Decreased By ▼ -0.25 (-2.02%)
TRG 64.69 Decreased By ▼ -1.32 (-2%)
WAVESAPP 12.01 Decreased By ▼ -0.77 (-6.03%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

BRUSSELS: The unemployment rate in the eurozone dropped again in September, official figures showed on Wednesday, as the economic bounceback from the pandemic kept hiring strong.

The EU's Eurostat agency said the seasonally-adjusted jobless rate -- which measures the number of people out of work as a proportion of the active population as a whole -- dipped to 7.4 percent in September from 7.5 percent in August and 7.6 percent in July.

In the 27-member European Union, which includes countries not in the single currency bloc, unemployment fell to 6.7 percent in September from 6.9 percent in August.

The data were a marked improvement over a year earlier when the jobless rate stood at 8.6 percent in the euro area and 7.7 percent in the wider EU.

The agency estimates that 14.32 million EU residents were out of work in September.

Youth unemployment stood at 15.9 percent in the EU and 16 percent in the eurozone, also down slightly on the previous month.

Eurozone unemployment dips in May

The reopening of the economy from coronavirus restrictions has seen the demand for workers surge, especially in hard-hit sectors such as hospitality.

Eurostat said last week the eurozone economy had rebounded in the third quarter of 2021 to close to pre-pandemic levels.

But analysts say global supply chain bottlenecks, staff shortages and surging inflation look set to put the brakes on growth in the coming months.

Comments

Comments are closed.