(MENAFN) In another positive sign for an economic region that has struggled to get people back to work for years, unemployment across the 19-country Eurozone economy has dipped to its lowest level in 4 years.
Unemployment rate across the region fell in October to 10.7 percent from 10.8 percent in Sep, but the drop is not likely to prevent the European Central Bank from injecting another dose of stimulus into the Eurozone this week.
Accordingly, unemployment rate, which has dipped by 0.8 percentage point over the year, is now at its lowest level since January 2012, and since October 2014, the total of people out of work has declined by 1.3 million.
Furthermore, the Eurozone has been registering quarterly economic growth in the 0.3-0.5 percent range for nearly a year and some recent indicators and signs suggest the recovery may be gaining a noteworthy traction.
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