Eurostat released its unemployment data for the Eurozone on Monday. Eurozone's unemployment rate declined to 10.3% in February from 10.4% in January, in line with expectations. It was the lowest reading since August 2011.

January's figure was revised up from 10.3%.

There were 16.634 million unemployed in the Eurozone in February, down by 39.000 from January.

The lowest unemployment rate in the Eurozone in February was recorded in Germany (4.3%) and the highest in Greece (24.0% in December 2015) and Spain (20.4%).

The youth unemployment rate was 21.6% in the Eurozone in February, compared to 22.7% in February a year ago.