Unemployment Rate

: In the wider 28-nation EU, the unemployment rate was 8.9 percent in February, the lowest since May 2009, according to Xinhua China. The figures reflect the number of persons unemployed in February decreased by 59,000 in the EU and by 39,000 in the euro area compared with the precious month. The rate was down from 10.4 percent in January 2016, and from 11.2 percent in February 2015. Analysts said more people coming to work will help underpin growing domestic demand and support the modest economic recovery. The highest unemployment rates were observed in Greece at 24.0 percent and Spain 20.4 percent. Among the member states, the lowest unemployment rates were recorded in Germany at 4.3 percent, the Czech Republic at 4.5 percent and Britain at 5 percent. (news.financializer.com). As reported in the news.