The eurozone unemployment rate declined slightly in September, a sign of a resilient labor market even as an economic recession looms.
The eurozone jobless rate fell to 6.6% in September from a revised reading of 6.7% in August, according to data from the European Union’s statistics agency Eurostat released Thursday. The reading matched economists’ consensus forecast in a poll by The Wall Street Journal.
The number of unemployed people fell by 66,000 in September to 10.99 million, the statistics agency said.
The youth unemployment rate–among people under 25–rose to 14.6% in September from a revised reading of 14.4% in August, Eurostat said.
The eurozone unemployment rate stands at a record-low level.
Economists expect joblessness to increase as the region’s economy falls into a recession around year-end, but any rise in unemployment is likely to be modest.
Czechia continues to have the lowest unemployment rate in the whole of the European Union, according to newly released data by the European statistics agency Eurostat.
The unemployment rate dropped to 2.2 percent in September, compared to 2.4 percent in August.
The country has had one of the lowest unemployment rates in the EU for several years now.