Eurozone unemployment stable, no jobs crisis for now

BRUSSELS: The level of unemployment in the eurozone did not change in February, official data showed on Tuesday, as national schemes to keep companies afloat held off the worst effects of the pandemic.

Eurostat, the EU’s statistics agency, said unemployment was at 8.3 percent in the 19 countries that use the euro single currency, the same as a revised figure for January. Youth unemployment in the eurozone, which has risen more sharply during the Covid crisis, edged lower to 17.3 percent, Eurostat said.