Eurozone unemployment hits lowest level in eight years

Europe's financial recovery continued at a steady pace amid a number of uncertainties in the market. The official eurozone figures were better than estimates of 9.2 percent from data company Factset.

Unemployment in the eurozone fell to 9.1 percent in June, its lowest figure since February 2009, according to official data from Eurostat, the statistical office of the bloc.

The jobless rate in the 19-state single currency market was better than expected by financial analysts. The numbers came a week after the International Monetary Fund (IMF) said the eurozone was strengthening, but warned of instability around Brexit and low inflation rates.

Read more: Eurozone unemployment hits lowest level in eight years | Business | DW | 31.07.2017

US Economy: US jobs growth stumbles, fueling economy fears

American employers shied away from hiring over the past two months and wages fell in September.

What one analyst describes as “a pig of a report” could fuel fears that the Chinese-led economic slowdown is stifling the US recovery.

Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added that month, the Labor Department said on Friday.

Economists had expected more than 200,000 new jobs to be created in September.

The figures represent the smallest two-month gain in employment in over a year.

Job growth should have been enough to push the unemployment rate down, but it held steady at 5.1 percent.

Read more: US jobs growth stumbles, fueling economy fears | euronews, economy