(MENAFN- Qatar News Agency) The Eurozone unemployment rate remained the same in February, holding steady in February at 11.9%. German news agency DPA reported today that the number of those seeking employment in the Eurozone declined by 35,000 in February, Eurostat said Tuesday .
The total number of unemployed people in the region is now 18.965 million. It is the fifth consecutive month that the Eurozone fails to make a significant decrease in unemployment numbers.
Spain's unemployment declined to 25.6%, Italy hit a 37-year-high unemployment rate of 13%. Unemployment in in Greece was relatively stable at 27.5%, down only 0.1% from the previous month.
Nother disappointment for the Eurozone was that purchasing managers' index (PMI) for the Eurozone manufacturing industry slipped from 53.2 points in February to 53 points last month, the Markit economics research group said. Still, the indicator remained above the 50-threshold, which marks business growth from contraction, for the ninth consecutive month
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