In the Eurozone, more and more people have work. The unemployment rate in the currency Union fell in November 2018, surprisingly, to the lowest level since 2008. The statistics office Eurostat estimated on Wednesday to 7.9 percent. Half a year earlier, or 8.2 percent, were the people without a job.
In the whole of the European Union, the unemployment rate in November remained unchanged at 6.7 percent, the lowest level since records began in the year 2000. In the Euro area, 13 million people were still without work, in the whole of the EU, there were around 16.5 million.
The positive Figures show but, above all, that it ran in the past, economically well in Europe. With the financial and subsequent sovereign debt crisis, the unemployment rates in Europe started to rise from 2008. Unemployment in the Euro area climbed to over 12 percent in 2013. Since then, the rate steadily dropped, as well as those of the EU.
For the future could be before the continent and also the world economy, but difficult times, the sign of a Faltering of the economy, there were increasing recently. The world Bank revised its forecast for the growth of the world economy down – and referred mainly to the trade of the enemy economic policy of the American President Donald Trump. At the same time, German industrial production and exports shrank, the word recession is doing the rounds. For example, the mechanical engineering turbulent times looks ahead – because of the American trade conflicts, the Brexit, and a poorer economic Outlook for China.