Eurozone unemployment remains at record ten per cent

Unemployment in the eurozone remained at ten per cent for a fifth month in a row, according to official figures.

Almost 16m people remain unemployed in the 16 countries that use the euro, the EU's statistics agency Eurostat said.

The agency also reported a fall in the rate of inflation in the eurozone.

In August, prices rose by 1.6 per cent year-on-year, down from 1.7 per cent in July, and still below the target of two per cent.

However, German unemployment fell in August to its lowest since November 2008, laying the ground for further growth in consumer spending that the economy needs for a more balanced rebound.