BRUSSELS (AP) - Further evidence has emerged that the eurozone economy is on the mend.
BRUSSELS (AP) — Further evidence has emerged that the eurozone economy is on the mend.
Figures Wednesday from Eurostat, the EU's statistics office, show that the number of unemployed across the 17 European Union countries that use the euro fell in June to 19.27 million from the previous month's 19.29 million. That's the first fall since April 2011.
Though minimal, the decline is another sign that the recession in the eurozone may have ended. Many analysts think figures next month will show the region having eked out modest growth during the second quarter.
The unemployment rate in the eurozone is also lower than expected — though at a record high. At 12.1 percent in June, it's unchanged on the previous month following a downward revision to May's original 12.2 percent estimate.