Investing.com – The euro zone’s unemployment rate held steady in April, official data showed on Tuesday.
In a report, Eurostat said that the euro zone’s unemployment rate remained unchanged at a seasonally adjusted rate of 9.9% in April, broadly in line with expectations.
According to the data, the number of unemployed people in the euro zone was 22.54 million in April, of whom 15.52 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 Lithuania recorded the highest rates.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD jumping 0.92% to hit a three-week high of 1.4414.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 climbed 1.9%, France’s CAC 40 rose 1.5%, the FTSE 100 gained 1%, while Germany's DAX rallied 2%.
In a report, Eurostat said that the euro zone’s unemployment rate remained unchanged at a seasonally adjusted rate of 9.9% in April, broadly in line with expectations.
According to the data, the number of unemployed people in the euro zone was 22.54 million in April, of whom 15.52 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 Lithuania recorded the highest rates.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD jumping 0.92% to hit a three-week high of 1.4414.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 climbed 1.9%, France’s CAC 40 rose 1.5%, the FTSE 100 gained 1%, while Germany's DAX rallied 2%.