Eurozone unemployment edges down to .3 in February

The jobless rate in the Eurozone edged down to 10.3 percent in February, according to data released Monday by the EU statistics agency Eurostat.
The 19-member Eurozone is struggling to rev up its economy after emerging from recession more than two years ago. Despite making some headway, many still consider the number of people out of work to be unacceptably high.
Analysts had expected the jobless data to stay unchanged from the previous month, but the figures mark a 0.1-percentage-point drop after Eurostat revised the January data up to 10.4 percent, the (dpa) reported.
The February rate is the lowest since August 2011.
The number of jobless people in the Eurozone dipped to 16.63 million - 39,000 fewer than in January - according to Eurostat.
Youth unemployment remained much higher than the overall figure, at 21.6 percent.
Germany recorded the lowest rates, with overall joblessness at 4.3 percent and youth unemployment at 6.9 percent.
At the other extreme, in Greece 24 percent were without work in December - the most recent data available for the country - while youth unemployment stood at 48.9 percent.
In the wider, 28-country European Union, joblessness remained stable at 8.9 percent in February, with 21.65 million people out of work, Eurostat said.