Eurozone unemployment declines to 7.3%

Long-term prospects are now front of mind for accountants

Unemployment in the eurozone fell marginally to 7.3% in November, according to the official statistical agency Eurostat.

Nonetheless, the decline is modest, from a figure of 7.4% in October. Youth unemployment, classified as affecting those under 25, declined from 16.1% to 15.9%, remaining at a very high level.

Full employment is not the primary policy goal of the European Central Bank, which prioritises price stability, defined as annual inflation of 2%. However, the ECB can also pursue

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