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Euro area unemployment rate lowest since 2008

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By Euronews
Unemployment at ten year low
Unemployment at ten year low   -   Copyright  REUTERS

Unemployment in the Euro area is at its lowest level since 2008 according to Eurostat. The rate fell to 8.5% in April from an upwardly revised 8.6% in March. Greece, Spain and Italy recorded the highest rates of unemployment while the Czech Republic, Malta and Germany recorded the lowest.

Inflation jumped far more than expected in May to 1.9 % from 1.2 % in April - mainly due to a rise in fuel costs and food prices