Investing.com - The euro zone’s unemployment rate held steady in June, amid concerns over the impact of the region’s debt crisis on growth, official data showed on Wednesday.
In a report, Eurostat said that the euro zone’s unemployment rate held steady at a seasonally adjusted 12.1% in June, unchanged from May’s reading of 12.1%.
Analysts had expected the euro zone’s unemployment rate to inch up to 12.2% in June.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.21% to trade at 1.3290.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.3%, France's CAC 40 advanced 0.2%, London’s FTSE 100 gained 0.7%, while Germany's DAX tacked on 0.1%.
In a report, Eurostat said that the euro zone’s unemployment rate held steady at a seasonally adjusted 12.1% in June, unchanged from May’s reading of 12.1%.
Analysts had expected the euro zone’s unemployment rate to inch up to 12.2% in June.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.21% to trade at 1.3290.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.3%, France's CAC 40 advanced 0.2%, London’s FTSE 100 gained 0.7%, while Germany's DAX tacked on 0.1%.