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Employment levels in the eurozone ended 2016 on a strong note bringing the total number of people in work to the highest since the financial crisis.

Total eurozone employment rose by 0.3 per cent in the fourth quarter compared to the three months prior and ended 2016 1.1 per cent higher on an annual measure.

Figures from Eurostat found there were 153.9m eurozone citizens in work – the best since the third quarter of 2008.

The size of the labour force across the EU as a whole, including the likes of Poland, Sweden and the UK, is now at a record high at 232.9m.

Steady economic growth and helpful credit conditions have been coupled with falling unemployment in the eurozone over the last year. Overall joblessness has now fallen to its lowest since 2009 at 9.8 per cent.

Still, troubled economies such as Greece have stood on the sidelines of the broader recovery, seeing higher unemployment and sharply contracting growth at the end of 2016.

Copyright The Financial Times Limited 2017. All rights reserved.
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