Investing.com – The euro zone’s unemployment rate remained unchanged in December, 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 10.0% in December, unchanged from 10.0% in November, whose figure was revised down from 10.1%.
Analysts had expected the euro zone’s unemployment rate to hold steady at 10.1% in January.
According to the data, the number of unemployed people in the euro zone was 23.17 million in December, 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 Luxembourg, 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 rising 0.51% to hit a three-month high of 1.3764.
Meanwhile, European stock markets were up. The EURO STOXX 50 climbed 0.89%, France’s CAC 40 rose 0.82%, the FTSE 100 gained 0.42%, while Germany's DAX was up 0.94%.
In a report, Eurostat said that the euro zone’s unemployment rate held steady at a seasonally adjusted rate of 10.0% in December, unchanged from 10.0% in November, whose figure was revised down from 10.1%.
Analysts had expected the euro zone’s unemployment rate to hold steady at 10.1% in January.
According to the data, the number of unemployed people in the euro zone was 23.17 million in December, 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 Luxembourg, 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 rising 0.51% to hit a three-month high of 1.3764.
Meanwhile, European stock markets were up. The EURO STOXX 50 climbed 0.89%, France’s CAC 40 rose 0.82%, the FTSE 100 gained 0.42%, while Germany's DAX was up 0.94%.