Eurostat released its unemployment data for the Eurozone on Thursday. Eurozone's unemployment rate declined to 10.5% in November from 10.6% in October. It was the lowest reading since October 2011.

October's figure was revised down from 10.7%.

Analysts had expected the unemployment rate to rise to 10.7%.

There were 16.924 million unemployed in the Eurozone in November, down by 130.000 from October.

The lowest unemployment rate in the Eurozone in November was recorded in Germany (4.5%) and Malta (5.1%), and the highest in Greece (24.6% in September 2015) and Spain (21.4%).

The youth unemployment rate was 22.5% in the Eurozone in November, compared to 23.2% in October a year ago.