Business and Economy
Eurozone unemployment edges down further in August
Eurostat, the EU’s statistics agency, said the number of jobless fell by 42,000 to 14.751 million. The unemployment rate held at 9.1 per cent, its joint-lowest since February 2009.
It’s the latest piece of good news for the region that has stoked expectations that the European Central Bank will soon start to reduce its stimulus.
Elsewhere, financial information company IHS Markit said Monday that its main gauge of business activity in the manufacturing sector rose to a level that’s only been bettered once in the past 17 years. Strong eurozone growth has helped shore up British manufacturing, too.