James Ashley, senior European economist at RBC Capital Markets, said the figures are "notably better than the consensus" and noted that the 16,000 monthly increase was the smallest since unemployment started rising again in May 2011.Worthy of note, according to Ashley, is the 0.1 percentage point drop in the Spanish unemployment rate to 26.1 percent, the first monthly decline since the "pre-crisis halcyon days" of early 2007.
Eurozone Unemployment Holds Steady At 11.7 Percent
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