Investing.com – The euro zone’s unemployment rate declined unexpectedly in January, official data showed on Tuesday.
In a report, Eurostat said that the euro zone’s unemployment rate fell to a seasonally adjusted rate of 9.9% in January, down from 10.0% in December.
Analysts had expected the euro zone’s unemployment rate to hold steady at 10.0% in January.
According to the data, the number of unemployed people in the euro zone was 23.04 million in January, of whom 15.77 million were in the euro area.
The report showed that among euro zone member states, the lowest unemployment rates were recorded in the Netherlands and Austria, while Spain and Latvia recorded the highest rates.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.23% to hit 1.3839.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.48%, France’s CAC 40 added 0.56%, the FTSE 100 rose 0.34% and Germany's DAX was up 0.76%.
In a report, Eurostat said that the euro zone’s unemployment rate fell to a seasonally adjusted rate of 9.9% in January, down from 10.0% in December.
Analysts had expected the euro zone’s unemployment rate to hold steady at 10.0% in January.
According to the data, the number of unemployed people in the euro zone was 23.04 million in January, of whom 15.77 million were in the euro area.
The report showed that among euro zone member states, the lowest unemployment rates were recorded in the Netherlands and Austria, while Spain and Latvia recorded the highest rates.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.23% to hit 1.3839.
Meanwhile, European stock markets were higher. The EURO STOXX 50 climbed 0.48%, France’s CAC 40 added 0.56%, the FTSE 100 rose 0.34% and Germany's DAX was up 0.76%.