|Eurozone unemployment fell in February to its lowest level since mid-2009, although it remained very high, especially in some countries in southern Europe, according to data released Monday by The European Union’s statistics agency. The jobless rate in the 19 countries that use the euro edged down to 9.5 percent from 9.6 percent in January. The decline was the latest in a series of reports indicating modest economic improvement in the region early this year. The employment picture in the eurozone has been improving slowly since the regional economy started growing again in 2013 after years of recession, but joblessness remains high in many countries. Italy’s rate was 11.5 percent in February despite modest job creation, and Spain’s was 18 percent.
Source: MarketWatch, Eurostat