Investing.com – The euro zone’s unemployment rate remained unchanged in line with expectations in October, official data showed on Tuesday.
In a report, Eurostat said that the euro zone’s unemployment rate held steady at a seasonally adjusted rate of 10.1% in October, unchanged from September.
According to the data, the number of unemployed people in the euro zone was 23.1 million in October, of whom 15.94 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 down against the U.S. dollar, with EUR/USD plunging 1.02% to hit 1.2993.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.22%, France’s CAC 40 shed 0.10%, the FTSE 100 declined 0.15%, while Germany's DAX was up 0.53%.
In a report, Eurostat said that the euro zone’s unemployment rate held steady at a seasonally adjusted rate of 10.1% in October, unchanged from September.
According to the data, the number of unemployed people in the euro zone was 23.1 million in October, of whom 15.94 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 down against the U.S. dollar, with EUR/USD plunging 1.02% to hit 1.2993.
Meanwhile, European stock markets were mixed. The EURO STOXX 50 fell 0.22%, France’s CAC 40 shed 0.10%, the FTSE 100 declined 0.15%, while Germany's DAX was up 0.53%.