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Eurozone unemployment declines to record low in April

The eurozone unemployment remained on course of decline, dropping to a new record low in April, the European Union's statistics bureau Eurostat said on Friday.

The jobless rate in the 13-nation bloc sharing the same currency stood at 7.1% in April, further down from 7.2% in the previous month and much lower than 8.0% in April 2006. It was the lowest level since the indicator was introduced in 1993. Among the 13 member states, the Netherlands recorded the lowest unemployment, which was 3.3%. Both Germany and France, the two largest economies in the bloc, saw improvement on the labor market. Jobless rate in Germany declined further from 7.0% in March to 6.7% in April, and in France from 8.7% to 8.6%.

In the 27-nation EU, unemployment also fell from 7.2% in March to 7.1% in April. The Eurostat estimated that there were 16.7 million people unemployed in the EU in April, among which 10.6 million were in the euro zone. As a comparison, jobless rate in the United States was 4.5% in April 2007, and the Japanese rate was 3.8%. (