Tiffany Wilding and Nicola Mai (PIMCO) | European measures applied to mitigate the effects of the pandemic have contained the unemployment rate in Europe more than in the U.S. While recognizing economic risks from the rising number of COVID-19 cases in the U.S., our forecast sees this success ratio reversing before the end of the year.
europe unemployment rate
Unemployment rate in the Eurozone in November stood at 7.5%, in line with estimates. This minimum level was reached in June 2019.