Mostly True: “Unemployment rate in the euro area at record low”

On 2nd of October 2023 the German newspaper FAZ published an article stating that the unemployment rate in the 20 eurozone countries in august 2023 was 6.4% (10.9 million people). The headline of the article is: “Unemployment rate in the euro area at record low”. This claim turns out to be mostly true. The German…