Investing.com - The euro zone’s unemployment rate rose less-than-expected in May, easing concerns over the impact of the region’s debt crisis on growth, official data showed on Monday.
In a report, Eurostat said that the euro zone’s unemployment rate rose to a seasonally adjusted 12.1% in May, from April’s reading of 12%.
Analysts had expected the euro zone’s unemployment rate to inch up to 12.3% in May.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.27% to trade at 1.3045.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.1%, France's CAC 40 dipped 0.1%, London’s FTSE 100 eased up 0.2%, while Germany's DAX shed 0.5%.
In a report, Eurostat said that the euro zone’s unemployment rate rose to a seasonally adjusted 12.1% in May, from April’s reading of 12%.
Analysts had expected the euro zone’s unemployment rate to inch up to 12.3% in May.
Following the release of the data, the euro held on to gains against the U.S. dollar, with EUR/USD adding 0.27% to trade at 1.3045.
Meanwhile, European stock markets remained mixed. The EURO STOXX 50 fell 0.1%, France's CAC 40 dipped 0.1%, London’s FTSE 100 eased up 0.2%, while Germany's DAX shed 0.5%.