Investing.com – The euro zone’s unemployment rate remained unchanged in July, holding steady for the fifth consecutive month, official data showed on Wednesday.
In a report, Eurostat said that the euro zone’s unemployment rate was unchanged at 10.0% in July, disappointing expectations for a decline to 9.9%.
June’s figure was revised up to 10.0% from a previously reported 9.9%.
According to the data, the number of unemployed people in the euro zone was 22.71 million in July, of whom 15.75 million were in the euro area.
Among euro zone member states, the lowest unemployment rates were recorded in Austria and the Netherlands, while Spain and Latvia recorded the highest rates.
Following the release of the data, the euro was down slightly against the U.S. dollar, with EUR/USD edging 0.06% lower to trade at 1.4433.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rose 1.4%, France’s CAC 40 jumped 1.5%, the FTSE 100 gained 0.95%, while Germany's DAX rallied 1.35%.
In a report, Eurostat said that the euro zone’s unemployment rate was unchanged at 10.0% in July, disappointing expectations for a decline to 9.9%.
June’s figure was revised up to 10.0% from a previously reported 9.9%.
According to the data, the number of unemployed people in the euro zone was 22.71 million in July, of whom 15.75 million were in the euro area.
Among euro zone member states, the lowest unemployment rates were recorded in Austria and the Netherlands, while Spain and Latvia recorded the highest rates.
Following the release of the data, the euro was down slightly against the U.S. dollar, with EUR/USD edging 0.06% lower to trade at 1.4433.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rose 1.4%, France’s CAC 40 jumped 1.5%, the FTSE 100 gained 0.95%, while Germany's DAX rallied 1.35%.