Unemployment remained stable in November compared to the previous month at 7.5 percent, European statistics agency Eurostat reported the data. This is the lowest level since July 2008.

According to Eurostat, more than 12.3 million people were unemployed in the euro area. The unemployment rate for the entire European Union was 6.3 percent, just like in the previous month. That amounts to almost 15.6 million unemployed.

The lowest unemployment rate in the EU was measured in the Czech Republic, followed by Germany and Poland. Of all EU member states, Greece still had the highest unemployment.

In addition, nearly 2.3 million young people were unemployed in the euro zone. In all EU countries, 3.2 million people under the age of 25 had no job.